Ex-ECB chief comments on key findings of OMFIF GPI survey
Thursday 22 July 2021 – Vol.12 Ed.29.4
Report: Global Public Investor 2021
The renminbi is on course to become a much more influential part of the global financial system as central banks add the Chinese currency to their reserve assets, reveals the eighth annual Global Public Investor. OMFIF surveyed more than 100 GPIs – central bank reserve managers, sovereign funds and public pension funds – on their asset allocation strategies, investment approaches and market trends. The report also showed the dramatic impact Covid-19 and the lower-for-longer rate outlook is having on investors.
Download the report here.
Commentary: Trichet calls for ‘progressive, orderly change’ in reserve currencies
By Clive Horwood and David Marsh
Jean-Claude Trichet, former president of the European Central Bank, has warned that the global financial system requires an orderly transition to a potential changing mix of reserve currencies, while welcoming central banks’ clearer focus on combatting climate change. Trichet was speaking at the launch of the Global Public Investor on 21 July and discussed the key findings of the study with OMFIF Chairman David Marsh.
Read the full commentary on the website.