December 3, 2020

Vaccine market rally fades as US retail sales disappoint – business live – The Guardian

https://www.theguardian.com/business/live/2020/nov/17/easyjet-loss-covid-19-vaccine-rally-markets-bank-of-england-business-live

An effective coronavirus vaccine will not fundamentally change European Central Bank economic projections, as a medical solution was already factored into forecasts, ECB President Christine Lagarde told a Bloomberg event on Tuesday.

Lagarde added that, while vaccine deployment may be somewhat quicker than earlier thought, the economy was also taking a bigger hit from the second wave of the pandemic than expected.

“I’m not sure that is going to be a major game changer for our forecasts, simply because what we had anticipated in our baseline was that at some stage in the first half of 2021 there would be a vaccine and that it would be rolled out in the course of 2021,” she said.