Reserve managers weigh new risk-return equation
Central bankers tell virtual meetings there is no ‘universal safe haven’ as they prepare for next crisis
Geopolitical tensions, spiralling sovereign debt and shifting expectations over policy rates are exacerbating market volatility, while there is stress in the very artificial intelligence markets that are being depended on for growth.
At Central Banking’s Virtual Meetings on November 11, three reserve managers – two from Asia and one from Europe – discussed what the new risk-return equation looked like against this backdrop. All three emphasised that the primary objectives for reserve portfolios
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