Flexibility needed as major institutions navigate uncertain post-Covid-19 world
Friday 12 November 2021Vol.12 Ed.45.5
Commentary: BoE’s November decision showcases flexible response to Covid climbdown
By Katharine Neiss in London
The Bank of England’s November policy meeting arrived with markets expecting the Monetary Policy Committee to raise Bank Rate for the first time since 2018. Yet, the MPC surprised markets and voted to keep the current policy. Given the exceptional nature of the pandemic shock, the BoE’s cautious approach towards policy normalisation is warranted. But if the facts change, then the policy outlook will need to change as well.
Read the full commentary on the website.
Meeting: GPP 2021 launch: Navigating uncertainty
Tuesday 7 December 14:00-15:30 GMT
Public pensions are at the heart of global changes relating to sustainability, geopolitics and international finance. The Covid-19 pandemic and uncertain economic outlook have further complicated these unfolding challenges. OMFIF’s Global Public Pensions 2021 report seeks to examine the public pensions sector through these lenses, identify the key drivers of uncertainty and address the obstacles. This launch will highlight and discuss the key findings covered in OMFIF’s second GPP report.
Register to attend here.
