Video: Focus on central banks and monetary policy – Alex Joiner
IFM’s Chief Economist, Alex Joiner, features in our Monthly Economic Update video discussing recent key developments in economies and markets globally.
This edition was recorded during the ongoing Melbourne lockdown, with Alex discussing global central banks and how their policies are shirting in response to the economic recovery. Whilst the US Federal Reserve and several other central banks are looking to taper their asset purchases, official interest rate rises remain unlikely in the near term. By contrast, the Australian Reserve Bank is more likely to embark on additional stimulus given the negative growth impacts of prolonged COVID-19 lockdowns.