New problems and risks are facing central banks. How to deal with the pandemic – particularly the exit from it? Can the rise in inflation be controlled? Should wartime risks be factored in? Undecided on how to move, central bankers have been dragged into controversies which risk denting their leadership and prestige. Yet, these problems should not be too difficult to resolve. At least not for central banks with clear statutory goals and sufficient resolve.
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 Financial relations between Italy and Europe Thursday 26 May, Roundtable Luigi Disanto, director general for European financial relations, Ministry of the Economy and Finance, Italy, discusses the economic implications of Russia’s invasion of Ukraine and Italy’s continued response to the Covid-19 pandemic.
ON DEMAND Ukraine safeguards relations with international investors Yuriy Butsa, Ukraine’s government commissioner for public debt management, joined OMFIF’s public debt summit on 17 May. Speaking with OMFIF CEO John Orchard, he discussed the management of Ukraine’s finances and why the country has continued to issue bonds to international investors.
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.
