Commercial banks might not dodge CBDC disruption, Markets should relax about CPI price surge, and more
THEÂ WEEKENDÂ REVIEW – OMFIF
Latest opinion and analysis from OMFIFÂ around the world
17-21 May 2021, Vol.12 Ed.20
Most-Read Commentary
Commercial banks might not dodge CBDC disruption:Â While he carefully avoided pre-empting the findings of his new task force on central bank digital currency, Sir Jon Cunliffe, deputy governor, financial stability, Bank of England, refused to become anxious about the potential disruption that introducing CBDC may cause for UK commercial banks. During a public lecture hosted by OMFIF, he discussed the risks, challenges and benefits for both commercial and central banks in the CBDC landscape, writes John Orchard.Â
Commentary Markets should relax about CPI price surge: Last week’s surprising consumer price index data gave markets a severe jolt. On balance, it’s not clear whether the upsurge in prices will be temporary or persistent. There are strong arguments for both sides, but the Federal Reserve is not worried. Markets should relax, writes Mark Sobel. Read more.Â
Video Fireside chat with the Federal Reserve Bank of St Louis: James Bullard, president and chief executive officer of the Federal Reserve Bank of St Louis, joins David Marsh, chairman of OMFIF, for a discussion on the Federal Reserve’s policies, the outlook for the US economy and global consequences of the pandemic. Watch.
Podcast Accessing investments in India: As India’s economy slowly returns to growth, recovery is expected to gather pace as consumers and investors shake off the effects of the pandemic. Sujoy Bose, chief executive officer of the National Investment and Infrastructure Fund, discusses the investment landscape and the opportunities present in India. Listen.
Commentary EU bond issues open to legal uncertainty: Germany has ratified the law that allows financing of the European Union’s Next Generation recovery fund. The EU’s bond issues will be exposed to political and legal uncertainty which could affect credit rating agencies views’ of the risks attached to the borrowings, writes Bernd Lucke. Read more.
