Trends in reserve management 2023: survey results
Insights on inflation, asset diversification, geopolitical risk, risk management frameworks and ESG adoption

This annual survey of reserve managers gathers the latest assessment that 83 officials have of key topics. These include inflation and how to protect the relative value of reserve portfolios in the current environment, and the outlook for asset diversification in the context of higher interest rates and sovereign bond yields. Additionally, it includes insights from reserve departments on new risks such as geopolitical tensions.
In light of the greater instability seen over the last year, the
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