By Desmond Lachman in Washington
ECB President Mario Draghi sees no need for the central bank to change course from its decision to withdraw monetary policy stimulus by concluding its bond-buying programme later this year. He does so despite growing signs of vulnerability in the European and global economies.
Clouds are gathering over Italy, and it is possible that the UK will crash out of the EU without an exit deal by end-March 2019. Meanwhile, risks of a German economic slowdown have risen because of continuing trade tensions with the US.
Read the full commentary on the website.
This month’s Bulletin looks at the fast-growing and dynamic Islamic finance market, documenting its present state and development trajectory. Our contributors examine the links between Islamic finance and other investment trends such as green finance, through the development of green sukuk products, and the digitalisation of finance through Islamic fintech. Aside from experts in Islamic banking, other key contributors to this edition include Christine Lagarde, managing director of the International Monetary Fund, and Már Guðmundsson, governor of the Central Bank of Iceland.
Download the November edition of The Bulletin.