Market Commentary – January 2024
- Date: 31/01/2024
Overall, G10 central banks have shifted their focus towards the discussion of how long to keep rates at their current restrictive levels. A data dependent approach seems pervasive, with policymakers closely watching incoming inflation, labor market and growth data to determine the timing of their first rate cuts this year.
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Will the Chinese renminbi supplant the US dollar?
- Date: 14/06/2023
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- Andrew Bloomfield
Markets are no stranger to debate over US dollar hegemony, and history serves as a useful reminder that new reserve currency regimes can occur every century or two. Shifting geopolitical ideologies, the prospect of digital alternatives, and a recent cycle of dollar strength have investors once again questioning the medium-term….
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A Century of Inflation
- Date: 03/10/2022
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- Lucas Frauenlob
Inflation in much of the developed world is higher than at any point in the past thirty years. Therefore, we may be able to draw valuable lessons from comparing today’s inflation with other high inflation periods in history. In this context, we examine Swiss supply-driven inflation in World War Two,….
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Reshoring in Perspective: Rethinking Global Supply Chains and the Macroeconomic Implications
- Date: 23/09/2022
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- Andrew Bloomfield, Emman Raja
Introduction The past several years has been marred by a litany of geopolitical and crisis events which has tested global supply chain resilience, highlighting the intricacy and interdependencies of international value chains. Increasingly domestically orientated policymaking has given way to the notion of “reshoring” – the return of outsourced production,….
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