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When central bankers’ powers run out, The Australian and global economic outlooks
Wednesday 19 February 2020 – Vol.11 Ed.8.2
Commentary: When central bankers’ powers run out
By David Marsh in London
How can central banks and the outside world tell that their vaunted independence is under threat? In view of clouds over the world economy and controversy over whether monetary policy can counter lower growth, central bankers believe political pressure can become a major factor hindering their ability to fulfil their mandate. This was a major question at the OMFIF-Amundi asset and risk management seminar in London on 6 February. But it’s not easy to deduce the moment when pressure becomes an accute danger.
Read the full commentary on the website.
Meeting: The Australian and global economic outlooks
Tuesday 25 February, London, 12:30-14:00 GMT
The global economy faces significant challenges, including modest productivity growth, low to negative long-term interest rates, a build-up of financial risks in parts of the system, ongoing uncertainty regarding international trade arrangements, and more recently the coronavirus. Meghan Quinn, deputy secretary of the macroeconomic group at the Commonwealth Treasury, is looking to exchange views on the outlook for the global and Australian economy. She will also discuss policies aimed at addressing the challenges outlined above.
Request to attend the meeting.
