Geopolitics is driving monetary policy – panel
ECB’s Vujčić points to impact of US equities, while BoE’s Taylor says uncertainty justifies rates hold
Central banks are having to deal with the effects of recurring geopolitical shocks and the rising risk of fiscal dominance, according to a panel of policy-makers and economists.
“This is a very challenging environment for central banks,” said Christian Keller, global head of economics research at Barclays, at an event held by the bank and the Centre for Economic Policy Research (CEPR) on June 23 in London. A negative supply shock triggered by the war in Iran would create a “big dilemma” for
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