Policy divergence is biggest macro risk – reserve managers
Survey of central banks shows monetary policy, negative rates and China are top concerns
The biggest concern for reserve managers is policy divergence among developed economies, with just over half of respondents rating the trend as the top macro risk in a survey of global central banks, carried out by FX Week's sister publication, Central Banking.
The survey of 77 central banks with more than $6 trillion in reserves found diverging monetary policies to be the biggest threat, as negative rates in Europe take hold while the US is slowly normalising policy, followed by economic
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