From a macroeconomic point of view, the European Central Bank’s 0.25 percentage point interest rate cut on 6 June was not necessary – in view of tight labour markets, pockets of excess demand and continued supply bottlenecks. The ECB expects a further economic recovery. Unemployment in the euro area, 6.4% in April, is the lowest in decades. Fiscal policy is far from restrictive.
Sunday 9 June was a good night for the right in Europe. While this shift to the right is more likely to be an evolution for European policy-making, it is going to become more difficult to find consensus on ambitious pan-European initiatives.
How pension funds can accelerate transition financeTuesday 25 June, RoundtableThis roundtable will discuss how pension funds should manage their portfolios and allocate their assets, the challenges of meeting disclosure requirements and more. Register →
Carolyn Bourdeaux, former member of the US House of Representatives, and Mark MacDonald, global public finance management leader at EY, join OMFIF to discuss the growing fiscal constraints facing governments.
The 11th edition of OMFIF’s Global Public Investor surveys 73 central banks to uncover how $5.4tn in international reserve assets are likely to be deployed across financial markets.
