News & commentary
Read the latest financial and monetary policy news and commentary from OMFIF’s in-house analysts and global network of specialists.
Dollar role under pressure from portfolio rebalancing
How could US dominance change? ‘Gradually then suddenly’
David Marsh and Andrea Correa
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Trump, tariffs and the potential impact on MDBs
Emerging market sovereigns face the highest risks to credit ratings

Bessent’s first 100 days: a less than lustrous start
Chief economic spokesman does not inspire confidence

Gentiloni calls for ‘homogeneous’ European borrowing to meet euro asset demand
Former Italian PM says Trump has transitioned from ‘transactional’ to ‘revolutionary’

Failure to communicate is an economic policy risk
‘Financial markets, like citizens, respond to coherence’

Tariffs: impact on MENA will be indirect but far from irrelevant
Neutrality between US and China may come under pressure

Are the dollar’s days really numbered?
‘Sell America’ and the news of dollar demise are overdone

Consequences of chaos: why the IMF is too optimistic about US policies
Impact of Trump trade measures will last longer than expected

Flows into Bunds and European sovereigns will remain consistent
Tariffs uncertainty will only strengthen these trends

Preventing trade shocks from igniting the next financial crisis
‘Preparedness, not prediction, is the watchword’

Japanese investors will demand a ‘MAGA discount’
As the risk of doing business with the US rises, so will the costs

Getting serious about euro internationalisation
As Trump undermines the dollar, Merz and Macron must take the lead

Searching for non-existent answers at the spring meetings
US stagflation, trade mayhem, uncertainty, global market chaos

EU’s ‘new economies’ mustn’t be strongarmed by tariffs
Central and eastern Europe hardly lack alternatives but co-operation requires compromise

Emerging markets and tariffs: Asia will bear the brunt
Trade links with China and EU could hurt EM countries

Friedrich Merz’s eight big tests
From immigration to defence: no honeymoon for new German chancellor