Virpax’s liposomal bupivacaine candidate associated with lack of neurotoxicity in animal studies

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Most G-10 central bankers see ‘significant’ risks

(Bloomberg) – The governor of the Norwegian central bank has signaled that a number of risks remain that could affect plans to cut monetary support, amid concerns about the slow rollout of vaccines across Europe. and the prospects for vaccination, ”Governor Oystein Olsen said in an interview on Thursday. He spoke shortly after the central bank announced its decision to keep its main interest rate at zero, as expected. The bank also reiterated the signal that it will raise rates later this year, which puts Norway in a league of its own in the rich world: Like other countries, Norway is waiting for enough people to be vaccinated to allow the economy to reopen completely. For now, its vaccination program has been halted by a decision in March to suspend the AstraZeneca Plc vaccine, amid concerns about the risk of blood clots. Next week, a committee will rule on how Norway would be affected if it also excluded Johnson & Johnson from its vaccination schedule, as neighboring Denmark did this week. “Substantial” based on its assessment of future uncertainties. At Nordea Bank Abp, the largest lender in the Nordic region, analysts took the omission as a signal that a Norwegian rate hike could come as early as September. Olsen sought to minimize this speculation. Just “reflects” that summer, fall, second half is getting closer, compared to early March, “he said. Uncertainty surrounding the timing of a Norwegian rate hike has coincided with large swings in the krone, which was the G -10 currencies in the week through May 7. What Bloomberg Economics says … “We expect a rebound in 2Q growth will allow the central bank to take off in December and rise twice in 2022. The key rate should reach 1.5% by the end of 2024. ”- Johanna Jeansson, Nordic economist If the Norges Bank raises its key rate in September or December, it remains the most hawkish group of 10 countries with the most traded currencies.The European Central Bank is still strongly committed to the emergency stimulus and the Riksbank of neighboring Sweden has announced that it will not move away from its zero rate until 2024. Olsen said on Thursday that developments in the Norwegian economy will not jus no new comparative forecasts. with his sight in March. He also said that despite the disruptions, Norway’s vaccination program does not appear to face significant delays. Therefore, the bank’s official forecast remains for a rate hike “in the second half” of 2021, he said. (Crown added to eighth paragraph.) For more articles like this, please visit us at bloomberg.com with the most trusted source of business news. © 2021 Bloomberg LP

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