News & commentary

Read the latest financial and monetary policy news and commentary from OMFIF’s in-house analysts and global network of specialists.

Further yen gains could constrain Bank of Japan tightening

Further yen gains could constrain Bank of Japan tightening

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BoJ should move faster while preserving flexibility
The UK’s fiscal rules do not work

The UK’s fiscal rules do not work

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New chancellor should be bold enough to make further changes
The custody question: where are central banks storing gold?

The custody question: where are central banks storing gold?

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The case for holding gold and the case for where to hold it rest on different logic
Outside candidate may emerge as Lagarde successor

Outside candidate may emerge as Lagarde successor

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Third French ECB president may prove a palatable outcome
When a credit co-operative fails without formally failing

When a credit co-operative fails without formally failing

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Brazil’s financial inclusion success story faces a hidden test
The devils we forgot to model

The devils we forgot to model

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Global investors and the missing foundations of macro finance
Lessons of history as ECB and Fed decide interest rate moves

Lessons of history as ECB and Fed decide interest rate moves

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Warsh’s monetary dilemma and the Bundesbank’s Becket effect
Economic war on Iran will test the limits of US financial power

Economic war on Iran will test the limits of US financial power

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Isolating Tehran completely risks exporting the economic costs far beyond Iran
Restoring balance to French public finances

Restoring balance to French public finances

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Paris fiscal position ‘in uniquely concerning state’
Money and war: financing defence in a world of combat

Money and war: financing defence in a world of combat

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A 360-degree view of greater defence needs 
Jackson Hole 2026: Warsh avoids the elephant in the room

Jackson Hole 2026: Warsh avoids the elephant in the room

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Is reality dawning for the new Fed chair?
Why Europe must stand up to Trump and embrace federalism

Why Europe must stand up to Trump and embrace federalism

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More EU integration needed to escape ‘desertification’ of financial markets
The colours of capital

The colours of capital

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Purpose, protocol and the fungibility fracture
The Iran war six months on

The Iran war six months on

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How has the conflict reshaped the global economy? 
Bessent’s buyback experiment goes off-script

Bessent’s buyback experiment goes off-script

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The US Treasury tears up its own playbook
Bank of Finland’s Olli Rehn’s strategic call on interest rates and common debt

Bank of Finland’s Olli Rehn’s strategic call on interest rates and common debt

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Proposals for ECB ‘forward guidance’ and Europe-wide safe asset to boost euro

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