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Auckland Confirmed The First Case Of New Coronavirus In The Past Six Months / The Chairman Of The Fed Believes That Society Has Adapted To The New Coronavirus

Auckland Confirmed The First Case Of New Coronavirus In The Past Six Months

The Ministry of Health of New Zealand announced yesterday (17th) that a confirmed case of the new crown virus was confirmed in the capital, Auckland, for the first time in nearly six months. The Ministry of Health stated that it is currently investigating whether the confirmed case is related to the border or quarantine. For the sake of caution, it is recommended that Auckland citizens should maintain social distancing and wear masks. The news of suspected local infections in New Zealand immediately caused the market to reassess the expectations of the Bank of New Zealand to raise interest rates this month, from the original 100% consensus to about 85%. At the same time, it also dragged down the New Zealand dollar exchange rate by more than 1% to below 69.5 US cents. According to Bloomberg statistics, the current local vaccinations account for about 32% of vaccinations with more than one dose. Based on the current approximately 43,000 vaccinations per day, it will take about four months to reach the 75% level of herd immunity. The market is concerned about events. Can the local vaccination rate be accelerated?

The Chairman Of The Fed Believes That Society Has Adapted To The New Coronavirus

US Federal Reserve Chairman Powell said at a town hall meeting on Tuesday (17th) that the local service industry is still losing millions of jobs, which is part of the economic recovery and is far from reaching the target. He also believes that the Fed’s powerful policy tools have many limitations. In contrast, fiscal or government policies are more powerful. Regarding the spread of the Delta variant virus, Powell said that it is not yet clear whether it will have a significant impact on the economic recovery, but he believes that people and companies have learned to adapt to the new coronavirus.

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