Don’t overthink election’s impact on financial markets, CBDC and monetary policy implications for the euro area
Tuesday 3 November 2020 – Vol.11 Ed.45.2
Commentary: Don’t overthink election’s impact
By Pierre Ortlieb in London
Markets are increasingly expecting a blue wave in the US election on 3 November, resulting in Democratic control of Washington. Despite investor enthusiasm, it’s not clear that there is any meaningful relation between which party wins a US election and markets’ performance. In situations of uncertainty, markets tend to react strongly. Should the 2020 US presidential election take several weeks or even months to unravel, conventional asset classes will suffer in the short term.
Read the full commentary on the website.
Meeting: CBDC and monetary policy implications
Tuesday 10 November, 09:00-10:00 GMT
In October, the European Central Bank published a report on a digital euro examining the issuance of CBDC from a Eurosystem perspective. John Mourmouras, senior deputy governor at the Bank of Greece, discusses this report and the prospect of a digital euro. He examines the effectiveness of monetary policy and financial stability considerations in the presence of CBDC.
Request to attend the meeting.