In what we trust

More than 12 years after the start of the global financial crisis (GFC) central banks do not feel able to normalise their balance sheets or the cost of capital. They cannot meet their self-imposed inflation targets, which would inflate away the burden of debt. Defining their role as continuing along the same path, means recasting their mandates as the guardians of sustainable growth. They are not.

To read the full report - Login or Subscribe