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(Reuters) - A slower-than-expected vaccine rollout and the rise of coronavirus variants may make attaining herd immunity against COVID-19 difficult, but that should not stop the economy from rebounding, according to a U.S. central banker Thursday.
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir
“I don’t think the economy requires herd immunity,” Richmond Federal Reserve Bank President Thomas Barkin told Reuters Thursday. “Consumers who get vaccines, who have money in their pockets.are going to be free to spend,” he said.
Members of Italy's 5-Star Movement voted on Thursday to back Prime Minister designate Mario Draghi, opening the way for the former European Central Bank chief to take office at the head of a broad government of national unity.
Lebanon's finance minister said on Thursday he was awaiting some answers from the central bank ahead of a request to consultants Alvarez & Marsal to resume a forensic audit.
By Reuters Staff
3 Min Read Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds Italy s yield record low)
MILAN, Feb 11 (Reuters) - Euro zone borrowing costs fell on Thursday, with Italy’s 10-year bond yield dropping to an all-time low, as global markets focused on a dovish Federal Reserve outlook after an unexpectedly soft reading on U.S. inflation.
The European Commission, meanwhile, said the euro zone economy would rebound less than earlier expected from the coronavirus slump this year, adding that 2022 growth would be stronger than earlier thought.
Germany’s 10-year government bond yield was down 2.5 basis points at -0.463% after hitting a one-week low at -0.474%.