Reserve managers brace for war

Geopolitical escalation could trigger inflationary and energy shocks, RMT survey finds


The escalation of geopolitical tensions is the most significant risk reserve managers face in 2024, this year’s Central Banking/HSBC Trends in Reserve Management survey of 91 central banks reveals.

Of 87 respondents to this question, 31 (35.6%) voted it their most pressing concern, fearing it could trigger inflationary and energy shocks.

“The Israel-Hamas war, with the resulting attacks by the Houthi rebels on vessels passing through the Red Sea, can affect the global economic landscape and impact

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