EURO area

Why the labour market won’t fuel US inflation, Digital currencies could boost financial health, and more

THE DAILY UPDATE – Saturday 2 April 2022

Why the labour market won’t fuel US inflation

By Julian Jacobs

Despite low unemployment and high inflation, fears that tight labour markets will drive inflation higher are misplaced. Five elements have been vital to the reduction of worker power since the 1970s and are responsible for the considerable productivity-pay gap in the US. The great danger of this bout of inflation is that salaries will not increase fast enough, while panic about rising wages will...

https://allaboutshipping.co.uk/2022/04/02/why-the-labour-market-wont-fuel-us-inflation-digital-currencies-could-boost-financial-health-and-more/

How the ECB can improve its communications, How high will the Fed have to go? and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

14-18 March 2022, Vol.13 Ed.11

Most-read Commentary

How the ECB can improve its communications: As the European Central Bank approaches its first significant monetary tightening since 2011, President Christine Lagarde faces a threat of cacophony among the voices making up the 25-member governing council. This endangers the cohesion and the credibility of the central bank as it confronts the economic and political...

https://allaboutshipping.co.uk/2022/03/19/how-the-ecb-can-improve-its-communications-how-high-will-the-fed-have-to-go-and-more/

ECB needs to increase transparency as it tackles euro area problems

Thursday 17 March 2022 – Vol.13 Ed.11.4

Commentary: How the ECB can improve its communications

By Moritz Kraemer in Stuttgart

As the European Central Bank approaches its first significant monetary tightening since 2011, President Christine Lagarde faces a threat of cacophony among the voices making up the 25-member governing council. This endangers the cohesion and the credibility of the central bank as it confronts the economic and political repercussions of the war in Ukraine, including higher...

https://allaboutshipping.co.uk/2022/03/17/ecb-needs-to-increase-transparency-as-it-tackles-euro-area-problems/

Ukraine conflict may shift central bank portfolios away from Europe

Ukraine conflict may shift central bank portfolios away from Europe

Monday 14 March 2022 – Vol.13 Ed.11.1

Commentary: Crisis may push European central banks to favour US reserves

By Julian Jacobs in London

Recent developments in the Russo-Ukrainian war are spurring a review of priorities among central banks. Amid the humanitarian crisis and accompanying sanctions on Russia, reserves managers are not only reconsidering their growth outlook and inflation expectations, they are also reconsidering...

https://allaboutshipping.co.uk/2022/03/14/ukraine-conflict-may-shift-central-bank-portfolios-away-from-europe/

Everybody loses in debate over Georgieva’s tenure, Inflation might break Brexit’s political magic, and more

Everybody loses in debate over Georgieva’s tenure, Inflation might break Brexit’s political magic, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

11-15 October 2021, Vol.12 Ed.41

Most-Read Commentary

Everybody loses in debate over Georgieva’s tenure: IMF Managing Director Kristalina Georgieva will continue in her role following allegations of data manipulation while at the World Bank. But this will tarnish more than Georgieva’s reputation. It has long been...

https://allaboutshipping.co.uk/2021/10/16/everybody-loses-in-debate-over-georgievas-tenure-inflation-might-break-brexits-political-magic-and-more/

Central Europe breaks with euro area over interest rate hikes

Central Europe breaks with euro area over interest rate hikes

Thursday 12 October 2021 – Vol.12 Ed.41.2

Commentary: Czechia leads way with interest rate hike surprise

By Miroslav Singer in Prague

The Czech National Bank increased its rate by three ‘notches’, or 0.75%, on 30 September. It had previously communicated that the late September hike would be about two notches. The Czech central bank, with its ingrained history of independence and focus on price stability, may lead the pack, but it has...

https://allaboutshipping.co.uk/2021/10/12/central-europe-breaks-with-euro-area-over-interest-rate-hikes/

ECB deploys holistic toolkit to tackle trilemma, France backs looser EU debt rules

ECB deploys holistic toolkit to tackle trilemma, France backs looser EU debt rules

Wednesday 31 March 2021 – Vol.12 Ed.13.3

Commentary: ECB deploys holistic toolkit to tackle trilemma

By Agnès Belaisch and Matteo Cominetta

Not unlike other central banks, the European Central Bank faces a difficult trilemma. Normalising interest rates, ensuring financial market stability and preserving the independence of its policy feels like an impossible trinity. Some see the adoption of yield curve control as...

https://allaboutshipping.co.uk/2021/03/31/ecb-deploys-holistic-toolkit-to-tackle-trilemma-france-backs-looser-eu-debt-rules/

Biden needs to act fast with economic plan, Euro area stability: view from the IMF

Biden needs to act fast with economic plan, Euro area stability: view from the IMF

Wednesday 20 January 2021 – Vol.12 Ed3.3

Commentary: Biden needs to act fast

By Mark Sobel in Washington

President-elect Joe Biden has tabled his near-term US rescue plan and surprised many with a $1.9tn economic relief proposal. It was facilitated by the Democratic party securing the Senate majority with victories in Georgia. While Biden is now better positioned to advance his agenda, many ambitious aspirations may...

https://allaboutshipping.co.uk/2021/01/20/biden-needs-to-act-fast-with-economic-plan-euro-area-stability-view-from-the-imf/

Radical risk-sharing rethink, Advancing the European regulatory agenda

Commentary: Radical risk-sharing rethink

By Marcello Minenna in Milan

Now that the ECB’s four-year €2.6tn bond-buying programme is coming to an end, there are other ways, more overt and effective, to stabilise monetary union, through a more concentrated form of risk-sharing. The first step would be to remove the capital key criterion and to concentrate future NCBs’ reinvestments only on highly indebted countries. A second step would be to remodel the programme so that interest received on...

http://www.allaboutshipping.co.uk/2018/12/19/radical-risk-sharing-rethink-advancing-the-european-regulatory-agenda/