The return of inflation and a backdrop of rising rates have led to a rapid widening of European government bond spreads. With the huge piles of cheap debt built up across seven years of quantitative easing, fiscal dominance was always going to be a threat when rates began to climb. It will be an elegant tool that allows the ECB to contain spreads widening and still address rising inflation.
High inflation challenges central banks’ green push By Miroslav Singer The consequences of additional lending in times of hot demand and constrained supply chains are inflationary. Central bankers have demonstrated that they can tame inflation. Doing so while attempting to ease the transition to a net zero economy is more challenging.
MEETINGS Geopolitics and payments infrastructures Wednesday 22 June, Roundtable The role of payments infrastructures is evolving due to changes in globalisation and interdependence. Brent McIntosh, former under secretary of the US Treasury for international affairs, joins OMFIF to discuss geopolitics and payments infrastructures.
ON DEMAND Looking at the June FOMC meeting Bill Dudley, chair of the Bretton Woods Committee and former president of Federal Reserve Bank of New York, joins Mark Sobel, US chairman of OMFIF, to discuss the June FOMC meeting. Their conversation covers the outlook for monetary policy, the Fed’s handling of it and more.
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.
