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‘Incertitudes allemandes’ back again, Global trends in interest rates

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Commentary: ‘Incertitudes allemandes’ back again

By David Marsh in Berlin

German instability is back again. Angela Merkel, presiding over the ruling Christian Democratic Union as chairman since 2000 and as chancellor since 2005, will step down from the party leadership in December. She protests that she will stay the course. A fight is brewing among the (at least) four disparate candidates for the party chair. The odds are shortening on her departing from the chancellorship well before general elections scheduled for 2021. The next poll could indeed come a lot sooner.

Read the full commentary on the website.

Meeting: Global trends in interest rates

Wednesday 28 November, London, 09:00 GMT

OMFIF organises a discussion with Domenico Giannone, assistant vice-president at the Federal Reserve Bank of New York, on global trends in interest rates.

Topics for debate will include inflation-targeting in the US, reserves management and the unwinding of central bank balance sheets.

Request to attend the meeting.

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