June 29, 2021/EBRD By Axel Reiserer EBRD lifts forecast for 2021 to 4.2 per cent, up from 3.6 per cent in October forecast Industrial production and retail sales largely recovered after easing of Covid-19 restrictions Stimulus packages raised public debt by 11 percentage points of GDP on average With growth […]
World News
IMF Managing Director Kristalina Georgieva Proposes Appointment of Mr. Bo Li as Deputy Managing Director
June 28, 2021/IMF Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today to the Executive Board of the IMF her proposal to appoint Mr. Bo Li as Deputy Managing Director, effective August 23, 2021. Mr. Li is currently Deputy Governor of the People’s Bank of China […]
Parachute Pants and Central Bank Money
June 28, 2021/US Federal Reserve Vice Chair for Supervision Randal K. Quarles At the 113th Annual Utah Bankers Association Convention, Sun Valley, Idaho I have been reflecting recently, and in connection with this speech, on America’s centuries-long enthusiasm for novelty. In the main, it has served us and the world […]
