Investment
Fed reduces rates but signals pause
Current stance of policy “likely to remain appropriate” to sustain moderate expansion, Powell says
NGFS publishes first green investment handbook for central banks
Handbook examines five strategies for green investment and identifies problems for central banks
Bank of Spain paper looks at supply chains’ impact on investment
Greater value chain integration has strong impact on foreign and domestic investment, paper finds
IMF economist: central banks may have misdiagnosed secular slowdown
Lower neutral rates may have been caused by central banks lowering rates, researcher says
Fed researchers model impact of recent trade uncertainty
Trade uncertainty could account for a 1–2% decline in US investment, researchers say
Modernising currency management
Central banks strive to optimise currency operations, even as relative importance of cash drops
Brexit may have cost the UK 5% of productivity – BoE paper
Study draws on newly developed survey of decision-makers at UK firms
Norges Bank recommends allowing SWF investment in unlisted companies
Current regulation only allows investments in private firms that have expressed intention to go public
Fund structures are ‘a big issue’ for monetary system – Carney
Immediate redemptions risk amplifying capital flow volatility
ECCB launches public debt investor information website
New website could help solve “long-standing issue” of excess liquidity, ECCB governor says
Ethiopia needs to rebalance after investment boom – IMF Africa chief
Country has achieved impressive development but vulnerabilities have grown, says Abebe Aemro Selassie
UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
US regulators loosen Volcker Rule for small banks
Regulators resist political pressure to reduce regulation on larger banks’ investments
Population ageing could reduce inflationary pressures – Bank of Spain deputy
Older populations in advanced economies likely to increase saving and reduce investment – Delgado
Philippines central bank to support infrastructure plan
Deputy governor says the country could achieve ‘A’ ratings in the next 18 months
Lagarde reiterates call for greater international co-ordination
“We need a trading system fit for today’s world,” IMF chief says after G20 summit
UK opposition sees greater role for BoE in fighting climate change
John McDonnell says BoE can do more to drive investment in productive, green sectors
Video Q&A: Richard Gilmartin, Wellington Management
Central Banking met with Richard Gilmartin, product manager, fixed income at Wellington Management, following his presentation at the National Asset Liability Management Conference in Mexico City about the opportunities for reserve managers to consider…
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
Barbados central bank hopeful for international business rebound
Sector suffered after sanctions imposed due to country’s low tax rates
‘Uncertainty shocks’ can do long-term harm – BoE paper
Authors outline a general equilibrium model to show uncertainty can have long-run effects
Global imbalances require ‘carefully calibrated’ policies – IMF
Report comes as G20 leaders warn about imbalances concentrated in advanced economies
Call to arms on climate change
Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change.
Green solutions – Supporting our clients along their green investment value chain
From extreme weather to transition risks, the systemic challenge of climate change lies in the interconnectedness of risk. Amundi is helping to shape solutions by integrating climate risks across its asset classes and pushing public debate forward.