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Economics for Investment - Hopes Rest on a Vaccine

Our quarterly publication, looking at economic trends and long-term asset allocation themes. We assess the outlook using a scenario framework both to help with the analysis and to emphasise that portfolios need to take account of all possible outcomes. Our regular Focus looks at non-conventional monetary policies and asks whether central banks are running out of options. Plus 10 pages of regional analysis covering the UK, US, Euro zone, China and Japan.

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Central bank rate change divergence is likely to build over the summer. The RBNZ meets o/n and it will be interesting to see if they push rates higher again or pause. The USD is holding steady or gain

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