The UK is right now the biggest source of instability for global financial markets. But markets are also more generally tumultuous. Major centres all face significant policy challenges, but options are highly constrained. Still, perhaps hyper-nervous risk-off markets could be soothed. The most important signal to calm markets now could come from the UK, but it will have to do a much better job than it did on 26 September.
Gilt investors take fright at record borrowing By Burhan Khadbai To say that the UK Debt Management Office is under pressure is an understatement. It is having to borrow record amounts at a time when the Bank of England is about to start selling its own stock of gilts after putting a halt to purchases at the end of last year.
MEETINGS Navigating global economic turbulence Saturday 15 October, Breakfast meeting On the occasion of the International Monetary Fund/World Bank annual meetings, DZ BANK and OMFIF co-host a breakfast discussion on how the world faces ever-present challenges from high inflation, looming recession and a potential new world order.
ON DEMAND In conversation with Charles Evans: the future of the US economy It has been a turbulent year for the US economy, with interest rate hikes and quantitative tightening. Charles Evans, president of the Federal Reserve Bank of Chicago, joined OMFIF for a conversation on the future of the US economy and the path to recovery.
LATEST REPORT Blockchain for public finance In collaboration with EY, this report studies the degree to which digital technology could improve the efficiency and transparency of public finance management.
