Home » Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more

Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more

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Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more

THE WEEKEND REVIEW 

Latest opinion and analysis from OMFIF around the world

8-12 November 2021, Vol.12 Ed.45

Most-Read Commentary

Progress but no victory at COP26: Never before has a United Nations climate summit been attended by so many financial institutions. Not everyone is viewing the financialisation of the COP as a positive, with activist Greta Thunberg describing it as a ‘global north greenwash festival’. While there are elements of truth to this and legitimate concerns around equal participation, dismissing the whole process as greenwashing is unfair, unhelpful and analytically lazy. Finance is a powerful lever, and one that is desperately needed, writes Danae Kyriakopoulou. 

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Commentary
BoE’s November decision showcases flexible response to Covid climbdown: The BoE’s November policy meeting arrived with markets expecting a Bank Rate increase for the first time since 2018. Yet, the MPC voted to keep the current policy. Given the exceptional nature of the pandemic shock, the BoE’s cautious approach is warranted, writes Katharine Neiss. 
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Video
China’s ‘build back better’ agenda: In a discussion on ‘common prosperity’ and the state of US-China relations, experts analysed recent Chinese policy moves and their ramifications. Common prosperity and other concepts should be seen as a progressive Chinese domestic agenda, or China’s version of US President Joe Biden’s ‘build back better’ agenda. 
Watch.

Podcast
Adopting standards for electronic data interchange between financial institutions:  Rishi Tinaikar, business innovation lead in Asia Pacific at SWIFT, joins Jamie Bulgin, relationship director within OMFIF’s Institute for Economic and Monetary Policy, to consider why adoption of ISO20022 is important, innovation possibilities and the broader impact on banks. 
Listen

Commentary
Fed will act on inflation when it needs to: Elevated inflation readings are causing pundits to express a dim view of pandemic-triggered fiscal and monetary expansions. The premise underlying the modern macroeconomic policy framework is that central banks can and will control inflation. Expect the Fed to take away the punchbowl when it needs to, writes Paul Sheard. 
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