Next Generation EU issuance will boost euro’s reserve status, How to close the sustainable infrastructure gap, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
14-18 June 2021, Vol.12 Ed.24
Next Generation EU issuance will boost euro’s reserve status: The Next Generation European Union fund exceeded all expectations with the debut bond deal for its €800bn programme, prompting issuers, investors and bankers alike to herald its potential impact on euro capital markets. A group of market participants, speaking on a panel during an AFME/OMFIF event, were enthusiastic about the deal’s reception and the implications for the euro’s role as a safe asset and a cornerstone of global capital markets, writes Clive Horwood. Read more .
How to close the sustainable infrastructure gap: Infrastructure investment is a priority for governments looking to ‘build back better’ after Covid-19. In the years to come, there will be a proliferation of projects in need of private capital. With the right incentives, they can be both bankable and sustainable, write Rudi Lang and Benjamin Taylor. Read more.
Analysing the results of June’s FOMC meeting: Christopher Smart, chief global strategist and head of the investment institute at Barings, and Steve Cecchetti, Rosen chair in international finance at the Brandeis International Business School, join OMFIF’s Mark Sobel to discuss the June Federal Open Market Committee meeting and the state of the Federal Reserve’s toolkit. Watch.
German companies back Brussels climate mitigation policy: German companies are embracing European Commission plans for a sustainable economy. That is the message of an OMFIF survey on sustainability challenges for large companies in Germany. It is the first significant effort in Europe to gauge reaction to the plans for a Corporate Sustainability Reporting Directive. Download the survey.
Central European outliers stick to inflation targeting: By the end of June, two central European nations, Czechia and Hungary, may tighten monetary policy. The Czech National Bank and Magyar Nemzeti Bank’s plans reflect a post-Covid world facing inflationary pressures. They stand out from the rest of the central banking world with their commitment to inflation targeting, writes Miroslav Singer. Read more.