European monetary policy is becoming increasingly complicated by the thorny issue of losses accumulated by the European Central Bank and national central banks as a result of eight years of quantitative easing. Amid signs of economic slowdown or even recession, debate about these losses is coming to a head at a time when the ECB is considering ending its series of rapid interest rate rises since July 2022.
By Herbert Poenisch The 14th summit of Brics countries – Brazil, Russia, India, China and South Africa – has made clear that the possible creation of a common currency is still an illusion for now.
Central banks in the digital age: harnessing data Oliver Berger, head of Middle East & Africa at State Street Corporation, discusses IT transformations in central banks, the challenges and opportunities of big data for reserve management and technological solutions.
The Bulletin, Summer 2023 This edition of the Bulletin sheds light on the challenges and opportunities presented by changing population dynamics. Some contributors note that shifting demographic patterns are cause for alarm, while for others, the message is not all doom and gloom.
