Sri Lanka has been thrust into the limelight after plunging into political and economic crisis. The country lacks a functioning government after the president fled from mass protests this week. Foreign exchange reserves have been depleted and the country is embroiled in a messy public debt default. There are lessons here for countries outside of Sri Lanka’s picturesque shores.
Tax cuts will not solve stagflation By Brian ReadingIn the Lilliputian war of Tory succession, all rivals are promising lower taxes. None can explain how this will end stagflation or solve the cost-of-living crisis. Lower taxes will make matters worse by redistributing income to those that can afford losses and away from those who can’t.
MEETINGS Central Bank of Barbados seminar 26-29 July, Seminar Philip Middleton, chairman of OMFIF’s Digital Monetary Institute, is joining the Central Bank of Barbados at ‘Adapting to the New Normal: Avenues for Economic Growth and Sustainable Development in the Caribbean’.
ON DEMAND Global Public Investor 2022 launch The launch of the Global Public Investor 2022 presents key findings of the report and offers insights into wider issues, including how central banks’ reserves managers are coping with inflation, geopolitics and environmental, social and governance imperatives.
LATEST REPORT Global Public Investor 2022 More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory.
