Digital Currencies, Global Economy Warning, PBOC Taper: Eco Day

11/20/2020

Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.

For central bankscontemplating issuing a digital currency, there could be advantages to getting it done soon, according to a European Central Bank study
The leaders of France and Belgium urged the European Union to step up preparations for ano-deal Brexit at the end of the year in case negotiations with the U.K. fail to yield a last-minute breakthrough
Leaders of theglobal economy are warning that the recovery from recession is at risk and could be derailed by Covid-19’s resurgence
Hungary’s central bankis about to take its $2.5 billion asset-purchase program to the next level as it prepares to buy the bonds of a company owned by one of its entities
The top two U.S.economic policymakers have parted ways over whether to preserve emergency lending facilities designed to shore up the economy — a rare moment of discord as the nation confronts the risk of a renewed downturn
China’s central bankremains on course to taper its emergency support even as a string of defaults by government-linked companies sends tremors through credit markets
President-elect Joe Biden said he has chosen aTreasury secretary, promising an announcement either next week or the week after
Two votingmembers of the Fed’s policy-setting body declined to endorse boosting monetary stimulus even as they voiced concerns the U.S. economy will suffer from the pandemic
Mexico won approval from the International Monetary Fund to maintain its flexible credit line at $63.4 billion amid the global pandemic, according tothree people familiar with the talks
Stephanie Flandersbrings together in her podcast former Fed Chair Janet Yellen, ex-BOE chief Mervyn King, former RBI Governor Raghuram Rajan and ex-U.S. Treasury Secretary Lawrence Summers to analyze the unprecedented economic response to Covid-19

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