Reserve managers brace for war

Geopolitical escalation could trigger inflationary and energy shocks, RMT survey finds

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The escalation of geopolitical tensions is the most significant risk reserve managers face in 2024, this year’s Central Banking/HSBC Trends in Reserve Management survey of 91 central banks reveals.

Of 87 respondents to this question, 31 (35.6%) voted it their most pressing concern, fearing it could trigger inflationary and energy shocks.

“The Israel-Hamas war, with the resulting attacks by the Houthi rebels on vessels passing through the Red Sea, can affect the global economic landscape and impact

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