Central bankers warn of US election risks

Danger of tariffs and supply chain disruptions, Central Banking Summer Meetings hear

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The sizes of central bank balance sheets will not return to pre-pandemic levels, a former governor of a major Asian central bank said at the Central Banking Summer Meetings on June 12.

The ex-governor said the US presidential elections could lead to trade tariffs and a disruption to global supply chains. Semiconductors are of particular concern, as geopolitical destabilisation in Asia could interrupt the delicate semiconductor supply chain, leading to worldwide economic decline.

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