Interest rate cuts and cash injections will cause market rebound this year

By David Walker The markets may be heading south rapidly, but central banks' willingness to...

By David Walker The markets may be heading south rapidly, but central banks' willingness to cut interest rates and pump money into global economies in the first part of 2001 should bring rebounds and growth this year, according to Invesco chief investment officer Bob Yerbury. Speaking at the conference, Yerbury said the US Federal Reserve was re-injecting money into the economy, following earlier injections in late 2000 amid Y2K fears, and in 1997/98 amid fears about Asia's and Russia's economic instability. "There is real concern the US is close to zero growth," said Yerbur...