Draghi remains prime minister, March monetary tightening, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
31 January – 4 February 2022, Vol.13 Ed.5
Most-read Commentary
Draghi remains prime minister, but change is coming: Italy has decided: Sergio Mattarella stays on as president, Mario Draghi remains prime minister. Mattarella, at 80, had not sought a second term and only agreed to continue after the electoral college failed...
GLOBAL & REGIONAL DAILY (Friday, February 4, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 4 2022
Global Markets
Amid record-high inflation, the ECB took a more hawkish than expected turn yesterday, opening the door to a 2022 rate hike, while the BoE delivered a 25bps rate hike.
Greece
According to Eurostat, the unemployment rate for Greece was at 12.7% in December 2021, – the lowest reading since June 2010 – from 13.3% in November 2021 and 15.6% in December 2020.
CESEE
In Turkey, headline inflation...
https://allaboutshipping.co.uk/2022/02/04/global-regional-daily-friday-february-4-2022/
ECB faces tightening quandary; how climate risks affect bank lending
Wednesday 2 February 2022 – Vol.13 Ed.5.3
Commentary: ECB must tighten now to avoid sharper correction later
By Jürgen Stark in Frankfurt
Independent central bankers are not known for taking undue risks. But what happens when they misjudge sharply rising inflation rates and fail to live up to their mandate? The core mandate of the European Central Bank is to ensure a stable price level. However, the governing council has neglected...
ECB faces inflation dilemma but sovereign borrowers unconcerned
Wednesday 26 January 2022 – Vol.13 Ed.4.3
Commentary: Wind of change at ECB as Fed tightens, inflation stance shifts
By David Marsh and Taylor Pearce
A wind of change is blowing at the ECB as the world braces for higher US interest rates. Six years of low inflation, followed by Covid-19, have allowed the ECB to maintain negative interest rates and near-continuous asset purchases, promoting policies to dampen the sovereign debt crisis....
Most read 2021: Were predictions of the dollar’s decline warranted?
Monday 27 December 2021 – Vol.12 Ed.52.1
The year’s top stories: Don’t overplay the dollar’s decline
By Mark Sobel in Washington
Many commentators predicted a grim year for the dollar. They pointed to surging risk appetite, a twin deficit crash and the end of a strong dollar cycle. But Mark Sobel, writing on 5 January, took a different line. The dollar may indeed fall throughout 2021, he admitted, but his assertion that the...
Inflation reaction: US, UK from Mars, Europe from Venus, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
13-17 December 2021, Vol.12 Ed.50
Most-Read Commentary
Inflation reaction: US, UK from Mars, Europe from Venus: The European Central Bank is banking on ‘flexibility’ in continued monetary easing, confirming divergent approaches on inflationary threats compared with the Federal Reserve and Bank of England. Amid a flurry of central banking policy announcements,...
GLOBAL & REGIONAL DAILY (Friday, December 17, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 17, 2021
Global Markets
The ECB Governing Council judged yesterday that progress on economic recovery and towards its medium-term inflation target permits a gradual reduction in the pace of its asset purchases over the coming quarters, but left the door open for flexibility whenever price stability is jeopardised.
Greece
The ECB Governing Council meeting decided yesterday...
https://allaboutshipping.co.uk/2021/12/17/global-regional-daily-friday-december-17-2021/
CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world6-10 December 2021, Vol.12 Ed.49
Most-Read Commentary
CBDC debate in Europe foundering on endemic complexity:
European policy-makers have more clarity on the need for retail central bank digital currency than wholesale, but remain cautious about moving too quickly on either. Discussions on CBDC for consumers have...
Central banks have everything they need to stop inflation acceleration
Thursday 2 December 2021 Vol.12 Ed.48.4
Commentary: ECB should keep eyes on inflation prize
By Agnès Belaisch and Matteo Cominetta
Should central banks tighten early to combat inflation at the risk of triggering a serious slowdown, or risk higher inflation while propelling growth? This trade-off is easy to face for the European Central Bank. Excluding energy, all components of the euro area inflation basket have grown in line...
Memo to Chancellor Scholz: ‘Sustainable investment not real estate’, COP26 must prompt action on net zero commitments, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
22-26 November 2021, Vol.12 Ed.47
Most-Read Commentary
Memo to Chancellor Scholz: ‘Sustainable investment not real estate’: A timely warning to the new German government on promoting productive rather than speculative investments has been sounded by a wide-ranging report from McKinsey Global...