Who will prevail in the struggle to apportion guilt as some larger industrial countries teeter towards stagflation? The answer will not be clear for months, if not years. Russia’s invasion of Ukraine accelerated the already perceptible rise in inflation in major countries. And it has accentuated the blame game in which politicians and central bankers joust to censure each other for policy mistakes behind the biggest surge in inflation for 40 years. All this forms the background to The Money Minders, a thoughtful book on the economics of central banking by Jagjit Chadha.
One small step for UK monetary policy, one giant leap for the MPC By Neil Williams By raising Bank Rate by 50 basis points on 4 August, Governor Andrew Bailey is honouring the commitment made to an OMFIF-invited audience that the MPC ‘will, if necessary, act forcefully… no ifs and buts’ to get inflation back to 2%.
MEETINGS Prospects for emerging markets Tuesday 6 September, Broadcast Ayhan Kose, chief economist and director of the prospects group in the equitable growth, finance and institutions practice group of the World Bank, joins Mark Sobel, US chair, OMFIF, for a broad discussion on the global macroeconomic outlook.
ON DEMAND Trends developing in retail CBDCSimon Chantry, co-founder and chief information officer, and Jim Shinn, economist at Bitt, join Lewis McLellan, DMI editor. They discuss Bitt’s experience in deploying CBDC protocols, key themes emerging in retail CBDC development and the geopolitical pressures underpinning them.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
