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This week, there was a flurry of activity, with the US, England, Japan, Brazil, and Russia all maintaining low-rate policies. All banks noted that growth was COVID-dependent.
The Federal Reserve: "The path of the economy will depend significantly on the course of the virus."
The Bank of England: "The path of growth and inflation will depend on the evolution of the pandemic and measures taken to protect public health..."
The Bank of Japan: "With regard to risks to the outlook, there have been extremely high uncertainties over the consequences of COVID-19