HEADLINERS

“The main economic boost from progress on COVID-19 vaccines would only come when the jabs are rolled out”

— Silvana Tenreyro (Bank of England policymaker said progress on creating vaccines would reduce a downside risk to its economic forecasts over the medium term, and households might delay spends until health risks are reduced)

“It won’t be an easy meeting. Some members are against the extension of the output (production) cut and this makes it difficult”

— Bijan Zanganeh (Iranian Oil Minister said as OPEC held talks on Monday on whether to extend existing oil cuts for 3-4 months or lift output gradually from January, as the coronavirus crisis continues to pummel fuel demand)