Europe and the US facing monetary policy and inflation conundrum
Tuesday 13 July 2021 – Vol.12 Ed.28.2
Commentary: After strategy review, ECB walks inflation tightrope
By David Marsh and Ellie Groves in London
The ECB is walking a tightrope over managing inflation expectations, with higher government spending across the euro area likely to drive price rises towards, and possibly beyond, its new ‘symmetrical’ 2% target. That was a principal message from Luis de Guindos, ECB vice-president, at an OMFIF briefing on 12 July, as he pointed out how fiscal policy was playing an ‘important role’ in boosting both underlying interest rates and inflation.
Read the full commentary on the website.
Meeting: Analysing July’s FOMC meeting
Thursday 29 July, 15:00-17:00
Donald Kohn, senior fellow of the Brookings Institute and former vice-chairman of the board of governors of the Federal Reserve, joins Mark Sobel, US chairman of OMFIF, to discuss July’s Federal Open Market Committee meeting and the joint Brookings Institute and University of Chicago task force on financial stability report. Their conversation also covers the outlook for monetary policy and improving the resilience of the US financial system.
Register to attend here.
