Banknotes: January to March 2026
A round-up of news and salient issues that have affected central bankers in the past three months
The International Monetary Fund’s managing director warned on March 9 that the conflict in the Middle East could place new demands on policy-makers over the coming year. In a speech in Tokyo, Kristalina Georgieva said a protracted conflict would have “clear and obvious potential to affect market sentiment, growth and inflation”.
Fed holds after 25bp cut in DecemberThe US Federal Reserve Fed on March 18 held rates at a range of 3.5
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