“Subject to the outcome of IBA’s consultation launched last Friday, the LIBOR panels for sterling, yen, Swiss Franc, euro and the less heavily traded dollar tenors will cease at the end of 2021. And, although the panels for more heavily used US dollar settings will stick around for a short while longer, the US and […]
Macro
Sea Change (Bank of England)
“A No Deal outcome would result in an immediate, material reduction in the supply capacity of the UK economy as well as a negative shock to demand. There is little monetary policy can do to offset the former. A major negative supply shock is extremely unusual in advanced economies – the last one was the […]
European Parliament election results: The long view (Bruegel)
“The implications are quite clear. The rise of the far right in 2019 is notable and unprecedented. So is the fall in the traditional Volkspartei combination of centre-left and centre-right, namely EPP and the Socialists & Democrats (S&D).” – by Nicolas Véron
The IMF keeps making the same mistakes in its thinking about global growth (Market Watch)
Opinion from Ashoka Mody: “The IMF [keeps] getting its forecasts wrong because it [fails] to recognize the endemic weaknesses in the world economy.”