Summary
Authors
Welcome to the third edition of Amundi’s Newsletter for Central Banks, crafted by our experts for you.
In a landscape marked by complex macroeconomic and geopolitical challenges, our specialists share their insights on global policy and investment themes that are crucial for Central Banks worldwide.
In this edition, we explore Europe's modest growth outlook amid economic challenges, highlighting the need for reforms to boost investment, innovation, and defence, alongside the potential for recovery driven by increased real incomes, lower ECB rates, and strategic action plans from the European Commission. We also assess the bond market dynamics influenced by recent fiscal changes in the US and Germany's fiscal expansion.
Finally, we discuss the integration of sustainable bonds in Emerging Market Central Banks’ portfolios, emphasizing their role in attracting private capital for development and aligning monetary policy with climate goals.
In this issue
Europe faces a modest growth outlook amid various economic challenges, with an emphasis on the need for reforms to enhance investment, innovation, and defence.
Opportunities for recovery may arise from factors such as increased real incomes, lower European Central Bank (ECB) rates, and strategic action plans from the European Commission.
The Trump administration is creating a high degree of uncertainty, which is putting substantial burden on the US economy. We analyse the main policy areas tackled by the current administration and their potential impact on bond market dynamics.
IFC (member of the World Bank group) and Amundi experts discuss how sustainable bonds can attract private capital for emerging market development. They emphasize their role in Central Bank portfolios to align monetary policy with climate goals, as well as the importance of public-private partnerships in engaging institutional investors for sustainable development financing.
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