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(1) ECB: New Language, Same Policy Stance (2 min read)
Caroline Grady reviewed the ECB’s updated forward guidance on interest rates in what was the first policy meeting post strategy review. While rates are now set to remain lower for longer the policy stance is not much changed.
(Caroline Grady│22nd July, 2021)
(2) Delta Variant to Slow, Not End, the US Recovery (2 min read)
Dominique Dwor-Frecaut discusses why the Delta variant is likely to slow, but not derail, the US recovery. Vaccine rollout, a sooner and lower COVID peak, and a more efficient policy response are the three key factors.
(Dominique Dwor-Frecaut│22nd July, 2021)
(3) Podcast Transcript: Former Deutsche Bank Chair/CEO Josef Ackermann On Running a Bank and the Future of Banking (30 min read)
We published the transcript of our podcast with Josef Ackermann, former chairman of the management board and the group executive committee at Deutsche Bank. You can listen to the podcast here.
(Bilal Hafeez│22nd July, 2021)
Taming Market Power Could (also) Help Monetary Policy (IMF Blog, 2 min read)
Harnessing decentralised finance innovation for the public good (OMFIF, 2 min read)
The Latin American Tinderbox (Project Syndicate, 10 min read)