WS #16104
Central bank officials are flagging systemic risks, with the Bank of England's Governor Andrew Bailey warning that the growing role of hedge funds in bond markets raises spillover risks. ECB President Christine Lagarde added that tighter financing conditions are already weighing on Euro-area growth, suggesting that monetary policy transmission is becoming more restrictive and potentially stalling economic recovery.
Global Macro & Central Bank Warnings
Central bank officials are flagging systemic risks, with the Bank of England's Governor Andrew Bailey warning that the growing role of hedge funds in bond markets raises spillover risks. ECB President Christine Lagarde added that tighter financing conditions are already weighing on Euro-area growth, suggesting that monetary policy transmission is becoming more restrictive and potentially stalling economic recovery.