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News
  • GPI launch in Hong Kong - Asian investors in the lead - 17 Jul 2014

    Asia-Pacific investors are in the lead in worldwide rankings of official sector asset holders, according to OMFIF's Global Public Investor report.

  • UK ‘must play full role in Europe’ – Austrian governor - 14 Jul 2014

    The UK needs to play a full role in Europe for the good of the continent, according to Ewald Nowotny, Governor of the Austrian National Bank.

  • 'We are not one happy family' - David Marsh on Europe - 14 Jul 2014

    Speaking at the 2014 Deutsche Bank Summit, David Marsh said that growth is returning to Europe, albeit sluggishly.

Hong Kong GPI Launch

In its comprehensive survey of $29.1tn of investments held by 400 public sector institutions, OMFIF tracks the efforts of central banks to diversify their holdings. Speakers at the launch at the British Consulate in Hong Kong included Consul General Caroline Wilson, Christian Gaertner of DZ Bank and David Marsh.

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  • UK 'must play full role in Europe' - Austrian governor

    Speaking at the annual OMFIF Advisory Board gathering in the City of London, Nowotny paid tribute to London’s role as an economic hub, but warned of uncertainties caused by a possible referendum on Britain’s departure from the EU.

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  • 'We are not one happy family' - David Marsh

    Addressing decision makers from 38 countries, David Marsh said the resolution of the European debt crisis has taken away the urgency to introduce reforms, especially in Spain. 'This is the most interesting time for anyone to be looking at Europe… Country risk has come back big time and we are not all one happy family,' he said.

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    Commentary

    • Multiple questions over Brics bank

      by David Marsh in Beijing | Tue 22 Jul 2014

      A new development bank launched by Brazil, Russia, India, China and South Africa could present a challenge to the ‘Bretton woods twins’, the World Bank and International Monetary Fund. But several issues must be resolved first, from its currency to its purpose.

      MARKET: World

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    • Aiming for economic clout: China's renminbi-isation

      by David Marsh in Singapore | Mon 14 Jul 2014

      China has been making paltry returns on its foreign assets, and would be well advised to shift out of dollar-denominated reserves and into privately-managed investments valued in renminbi and geared to equities not debt. Currency liberalisation will enable more international trade in renminbi, mounting a challenge to the dollar’s supremacy.

      MARKET: World

      OMFIF - HomePage
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    • QE dispute could test ECB transparency

      by David Marsh | Mon 7 Jul 2014

      Publishing minutes of ECB meetings will highlight differences of opinion on the governing council. With below-target inflation and a Fed interest rate rise in the offing, opinion at the ECB is finely balanced on the need for quantitative easing – and a confrontation may be brewing.

      MARKET: Europe

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    • Options for QE exit

      by Meghnad Desai and David Marsh | Fri 4 Jul 2014

      Quantitative easing is still under consideration at the European Central Bank, but in the US and the UK central banks are thinking about reversing their operations and gradually normalising interest rates. In the first of a series on central bank balance sheets, OMFIF explores the Bank of England’s options for winding down QE.

      MARKET: Europe

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    CHART OF THE WEEK

    Excess reserves with the ECB

    by Gabriel Stein

    ECB negative rates all but eliminates banks’ excess reserves

    Excess reserves with the ECB

    German industrial production

    by Gabriel Stein

    German outlook weakens further

    German industrial production (1)

    Italian inflation

    by Gabriel Stein

    Italy slides towards deflation

    Italian inflation

    Flash PMIs

    by Gabriel Stein

    Euro area PMIs weaken, East Asian strengthen

    Flash PMIs
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    Advisory Board Poll

    Panellists split on the renminbi exchange rate

    2 Apr 2014: Members of the Advisory Board were asked whether in 12 months the renminbi will strengthen, weaken or remain the same against the dollar, after the People's Bank of China deliberately pushed the renminbi lower.

    Panellists split on the renminbi exchange rate
    View All Polls