Interest rates are increasing as the ‘transitory’ rise in inflation appears to be more persistent than previously thought. Max Castelli, head of strategy, global sovereign markets, UBS Asset Management, talks with David Marsh, OMFIF chairman, about the European Central Bank’s policies ahead of the all-important end-of-year governing council meeting on 16 December, where the central bank’s 2022 asset purchase strategy will take centre stage. The podcast features findings from UBS’ research on reserves management, including reserves managers facing potential losses on their fixed-income portfolios for the first time in a very long while, and how they are diversifying away from government bonds to better respond to this challenging reality.
Watch in your own time: Fill out the form below to receive a weekly on demand replay of the week’s podcasts and meetings by email. You can unsubscribe at any time.