Highlights: Economic data confirms a sufficiently V-shaped recovery, but growth has not been even across regions and downside risks remain. The $1.9 trillion American Rescue Plan is set to move through congress and includes a third stimulus payment of $1,400 and extended unemployment insurance. Vaccine rollouts have been plagued by supply shortages in Europe, but…

Share markets respond positively to lower global virus cases and promised US fiscal support While the virus is still a threat and the global recovery remains patchy across countries, share markets are pricing in better prospects for 2021. Senior economist Bob Cunneen discusses.

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The outlook for the global economy has…