US EditionECB Warns AI and Geopolitics Make Inflation Fight Tougher
18 Articles
18 Articles
Christine Lagarde explains the ECB's new challenges in the fight against inflation. Geopolitical tensions and supply shocks affect prices more than before.
Geopolitical Fragmentation Reshapes Global Investment Landscapes
The past few years have seen a notable shift in geopolitical dynamics, with Brexit, global trade tensions, and the Russia-Ukraine conflict driving a wedge between countries. This fragmentation has led to a significant rise in geopolitical risk since 2019, according to Caldara and Iacoviello (2022). The Centre for the Future of Democracy’s recent report (Foa et al., 2022) highlights the emergence… Source
The geopolitics of the AI In a hyperconnected world, digital space has become a new geopolitical dimension where three tensions converge: the struggle between competing digitization models, the asymmetric gap between developed and developing countries, and the race between the technology companies themselves Ian Bremmer calls this phenomenon a technopolar system, an emerging order in which a handful of transnational corporations rival countries …
ECB to act ‘especially forcefully or persistently’ in face of inflationary shocks regardless of origin
The Corner Bankinter | The European Central Bank (ECB) has announced an update to its monetary policy strategy, adopting a more rigorous and agile approach to major inflationary shocks in a context of growing global uncertainty. The main new feature is the commitment to act ‘especially forcefully or persistently’ whenever inflation deviates significantly and persistently from the 2% target, regardless of the origin of the shock, whether temporar…
The European Central Bank (ECB) warned yesterday, June 30, about “new challenges” – from commercial tensions to Artificial Intelligence – that would make inflation more volatile, and promised flexibility in its monetary policy.The warning came in the first major review of the ECB’s strategy since 2021, and follows several tumultuous years in which the central bank had to fight a historic rise in consumer prices.The institution maintained its inf…
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