Webinar: Central bank independence and implications for sovereign risk
Quick link to webinar video
Jun 15, 2021
Since the COVID-19 pandemic began in early 2020, government debt has soared in advanced, emerging and frontier economies alike. And with policy rates in Europe and the US at very low levels from the outset, the European Central Bank and the Federal Reserve had little room for manoeuvre, leading both to step up their purchases of assets such as government bonds.
Worse, concerns over central banks’ independence—and by extension, inflation—have continued to mount. So, is rising public debt really undermining central banks’ independence? Are their ongoing asset purchases impairing price discovery in financial markets? And, ultimately, what are the implications for sovereign risk?
- Video recording: Link