Reserve managers weigh the risks amid the Ukraine crisis
Executive summary
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Reserve managers weigh the risks amid the Ukraine crisis
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics
Central bank reserve managers could increase investments in commodity and energy-linked assets to help deal with higher inflation, according to panellists at Central Banking’s Spring Meetings in late March. This might allow them to deal with some of the risks stemming from the Russian invasion of Ukraine, some panellists thought. However, if they did that then central banks would need to accept the trade-off involved in higher exposures to more volatile assets.
In the weeks following the beginning of the war on February 24, the prices of oil, gas and agricultural commodities such as wheat
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