Inflation is set to pick up substantially over coming months as the rebound in oil prices from their collapse last year kicks in. However, the oil-effect will be temporary and central banks will be much more focused on underlying inflation.
Baidu, Tencent and Vipshop were some of the Chinese stocks hardest hit, dropping 18%, 33% and 31% respectively last week according to CNN. How much of those drops was down to the Archegos disruption is hard to quantify, but it certainly didn’t help.
The Bank of Japan struggled more than other central banks to respond to the Covid-19 pandemic because it had already introduced years of stimulus measures in an unsuccessful attempt to encourage price growth.
Welcome to #DisruptionBanking—a Digital StartUp platform dedicated to new age banking, financial technology and the emerging markets between them. Join our global readership to keep up to date with the latest business, tech and partnership models.