Central banks’ balancing act on inflation risks and gender gap
Friday 25 February 2022 – Vol.13 Ed.8.5
Commentary: Two faces of the BoE’s inflation stance
By Brian Reading in London
Bank of England Governor Andrew Bailey, despite enjoying 18 times the average national pay, has called for wage restraint. He assumes inflation will peak this year and fall back under 2% by early 2025. This is a hope not a forecast. Market wage settlements may remain moderate. Claims on the public purse will dominate the inflationary spiral. The small state is politically incompatible with Dickensian inequality.
Read the full commentary on the website.
Commentary: ‘Intentional, prioritised and measurable approach’ needed to address central banks’ gender gap
By Taylor Pearce in London
Public institutions and central banks have the ability and responsibility to promote best practices in gender equality. Globally, however, their track record remains less than stellar. It took deliberate policy changes and targeted initiatives to achieve the level of gender equality we have today. Passively waiting for change is not enough. To address their persistent gender problem, central banks must take a more active role.
Read the full commentary on the website.
