With inflation possibly approaching 10%, the Bank of England faces its toughest test since gaining independence in 1997. There is no post-war precedent for UK inflation on this scale being reduced without the government taking the crucial policy decisions – mainly to raise interest rates substantially – and coping with the political pressures when policy changes turn out to be unpopular.
Nagel in battle of wits over raising ECB interest rates By David Marsh Joachim Nagel, Bundesbank president, has intensified a battle of wits at the European Central Bank about raising interest rates this summer in reaction to rising inflation which he said could be close to 7% in Germany for 2022.
MEETINGS ESG reporting tools and data analytics Wednesday 18 May, Roundtable Joy Wann, advisor, BIS Innovation Hub Singapore, discusses Project Viridis and the role it will play in driving convergence in reporting tools and data, as regulators will be able to digitally extract, query and analyse a large quantity of data from diverse sources.
ON DEMAND Central banks and digital currencies Building on OMFIF’s status as an independent think tank for central banks, the DMI brought together policy-makers, technology experts and investors on 11-12 May to push the boundaries of the discussion on CBDC, stablecoins, cryptoassets and the future of money.
Data: Towards a new age of economic enlightenment As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.
