M-pesa success shows importance of competition in payments By Katerina Liu Many central banks want to introduce central bank digital currencies to shake up the payments industry, disrupting the established…
Solving Argentina’s economic failures will take hard work By Mark Sobel Argentina has long been plagued by cycles of excessive spending against the background of low savings. This cycle is…
Geopolitical risk has shifted into higher gear since Marrakech By Mark Sobel Geopolitics was a big concern at the International Monetary Fund-World Bank meetings in Marrakech. US-China tensions, Russia’s war…
No easy answers for the Bank of England By Norman Lamont A new generation in Britain has experienced the pain of high inflation. For a long time price stability has…
Institutional investors bracing for ‘unhedgeable’ year By Taylor Pearce Institutional investors have their work cut out for them. Between the bout of inflation in most major economies and tightening financial…
How to unlock Japan’s baby boom savings By Jesper Koll It is estimated that as much as 50% of Japan’s household financial wealth is owned by people aged 70 or…
Biden’s Fed nominations signal diverse era of decision-making By Arunima Sharan With the possible appointments of Adriana Kugler and Philip Jefferson to the US Federal Reserve System board of governors,…
Uncomfortable contradiction of ECB policies By Markus Kerber The European Central Bank faces an uncomfortable dilemma that goes to the heart of its political and economic viability. Although headline inflation…
Digital currency ecosystem brimming with confidence By Lewis McLellan An air of quiet confidence suffused the Digital Monetary Institute symposium, held on 10-11 May in London. Despite the battering that…
Capital markets can lead the way in transition finance By Frank Scheidig Agreeing upon a single, broadly recognised definition of ‘sustainability’ and ‘significant harm’ will be the key to climate…
India poised between global clout and looming domestic threats By Arunima Sharan India soars as the fifth largest economy in the world, surpassing Germany, Japan and the UK. However, a…
Achieving gender balance in finance leadership will take 140 years By Nikhil Sanghani Men’s dominance at the top of central banks and financial institutions is unlikely to change any time…
China has decided to protect Hong Kong as a financial centre By John Orchard Western visitors returning to China for face-to-face meetings, as OMFIF did last week, will find a…
Interoperability key to unlocking potential of regulated digital payments By David Creer Deglobalisation will have varied and complex effects on different economies, but it will hurt growth everywhere. Fortunately, central…
Incentives key to keeping primary dealership model sustainable By Burhan Khadbai Looking at ways to add incentives is crucial for sovereign debt management offices to ensure the primary dealership is…
Japan: 25 years of adding liquidity and counting By Neil Williams Even as its liquidity provision passes its 25th year, the Bank of Japan looks unlikely to tighten monetary policy…
Reserve management: what to watch for in 2023 By Nikhil Sanghani Central bank speak continues to be dominated by concerns over inflation. These macroeconomic factors – tightening monetary policy and…
Borrowers grapple with a challenging market environment By Clive Horwood Public sector borrowers face a raft of challenges in funding their programmes through difficult and volatile markets, OMFIF’s Public Sector…
Outlook 2023: What to expect for ESG By Eoin Murray The large-scale trends shaping the investment world are well-known at this juncture, namely climate change, biodiversity and ecosystem loss, social…
Outlook 2023: Euro will continue to beat expectations By Geoffrey Yu After all the uncertainty which Europe endured last year, it is quite a feat that the European Central Bank’s…
Ample liquidity puts the ECB’s independence at risk By Ignazio Angeloni The European Central Bank’s policy orientation – a rapid series of small interest rate increases to rein in inflation…
Outlook 2023: Not too late for a soft landing By Simona Mocuta Having closed the books on a tumultuous year for global markets and geopolitics, one can be forgiven for…
One year later: eNaira as a force for financial inclusion and digital payments By Olugbenga Agboola CBDCs have launched in 11 countries, while 15 more are testing and 26 are…
EU should brace for further lawsuits over funding By Burhan Khadbai, David Marsh and Edoardo Reviglio The German constitutional court has opened the door to further ambitious European Union borrowing…
Renminbi movements: it’s more than the trade and current account By Mark Sobel The Chinese renminbi has fluctuated widely this year, both against the dollar and its trade-weighted basket, and…