A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa DuaWASHINGTON - The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a " soft landing " in their years-long inflation battle.
Specifically, the IMF said central bankers and other policymakers need to move cautiously as inflation eases, and push back against "overly optimistic expectations of the pace of disinflation and monetary policy easing." All told, banks holding about 19% of global banking assets have breached at least three of five key risk metrics the IMF tracks as a gauge of bank health, with most of those firms found in the U.S. or China.Furthermore, the report noted there are over 100 banks, which represent about 3% of the assets in the banking system, that are struggling under a "triple-whammy" of strains.
While no cyber incident has proven a threat to the overall system yet, the IMF warned the frequency of attacks is rising significantly, with the number of attacks nearly doubling since before the COVID-19 pandemic. Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge
Source: Financial Digest (financialdigest.net)
Global Economy Banking Sector Soft Landing Central Bankers Risk Metrics Financial Firms Inflation Battle Fabio Natalucci
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