Russia’s invasion of Ukraine has added to the pressures on investors, issuers and policy-makers, who already had a global pandemic, more than a decade of cheap money and rising interest rates and inflation to consider. OMFIF and SSGA convened a group of global public investors and policy-makers in London to make sense of the world’s new situation.
Next Generation EU to make Europe leading green hub By OMFIF Europe will be a global centrepiece of ‘green growth’, driven by the €800bn Next Generation EU borrowing facility, according to Johannes Hahn, European budget commissioner. That was a key message from OMFIF’s one-day Singapore conference on 19 July.
MEETINGS Implications of Germany’s draft budget Tuesday 26 July, Roundtable Germany’s cabinet has approved a 2023 draft budget that foresees a sharply lower €17bn deficit in a bid to restore fiscal orthodoxy. Otmar Issing, the first chief economist of the European Central Bank, joins OMFIF to discuss budgetary implications.
ON DEMAND What to expect from the 21 July ECB meeting The ECB has been slower than most to pull away the monetary rug, but it now stands ready with a key announcement on 21 July. Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, speaks with Neil Williams, OMFIF chief economist, to discuss.
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.
