RBI Governor: Pandemic Led to $6 Trillion Outflow Globally at Zero Interest Rate

On August 21, RBI Governor Shaktikanta Das said that there has been a surplus liquidity globally, which has resulted in the asset prices to increase. Due to which, he believes that a "disconnect" has been caused between the stock market rates and the actual economy. He further stated, the Covid-19 pandemic has resulted in an outflow of $6 trillion from the central banks across the globe to the financial markets, at almost zero interest rates.