Jonathan Ferro drives you through the market moving events from around the world on Bloomberg’s The Open. 60 minutes featuring the brightest minds on Wall Street, taking you through the most important hour of the trading day.
The seeds of this year’s massive coronavirus death toll in India were sown by a premature declaration of victory after the first wave in 2020, a series of government mistakes and rampant misinformation on social media.
Central banks have a case for front-loading interest rate rises as they walk a “fine line” between tempering price pressures and supporting the economic recovery, according to Mark Carney, the former governor of the Bank of England.
“Central bankers need to catch up to their economies. They’ve been behind the curve, they’ve acknowledged this,” Carney said in an interview with Bloomberg TV. “And they need to start to get interest rates above inflation effectively, or at least inflation expectations.”