Dovish Powell, Europe’s Savings, Jobs by Robots: Eco Day

(Bloomberg) -- Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Fed chief Jerome Powell said they will keep pumping stimulus into the economy until the labor market has healed
• Europe’s economy risks losing out on a massive dose of stimulus from its consumers as households have stashed away hundreds of billions of euros in their bank accounts under lockdown
• ECB policy makers tiptoed into a debate over whether they’ll need to boost monetary stimulus again
• When European economies start to recover from the coronavirus, more jobs may be filled by robots
• South Korea is making a push to reshape its economy around a concept called “untact,” envisioning a future where people interact online and companies replace humans with machines
• After enacting two emergency rate cuts since the Covid-19 crisis began, Serbia’s central bank must decide whether to inject one more dose of stimulus
• The long-awaited green light for $5 billion of international aid is set to cement an eighth straight cut in Ukrainian interest rates
• Mark Carney, former governor of both the Bank of Canada and Bank of England, will release a book next spring on ways to build a more inclusive society in the wake of the Covid-19 pandemic

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