By raising Bank Rate by 50 basis points on 4 August – the Monetary Policy Committee’s biggest hike in its 25 years, and the Bank of England’s highest jump since February 1995 – 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 consumer price inflation back to its 2% medium-term target.
Banks’ financial inclusion initiatives are too narrow By Michael Kanovitz The term ‘financial inclusion’ is used as a shorthand for lifting people out of poverty. But this insider/outsider rubric can conceal more effective options for combatting poverty.
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 Why public asset owners are at an inflection point Christine Mikolajuk, EMEA chief operating officer for global client management at BNY Mellon, joins Patricia Haas Cleveland, OMFIF US president, to discuss their latest report, ‘The Evolution of Public Asset Owners’.
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.
