In the last few weeks, global central banks have had to face unexpected turbulence from the US banking sector, while continuing their efforts to contain inflation. The significant reshuffling of deposits between US banks has sparked increased concern in the credit markets and driven down bond yields across the world. To restore confidence, central banks and global regulatory bodies have responded quickly by providing liquidity, guaranteeing affected deposits, and stabilizing troubled banks through takeovers or by offering advice. This reaction, much faster than during the global financial crisis, largely helped to stabilize the sector and contain the problem.
For more information, the Alfid group invites you to request your first quarter 2023 economic report at Alfid@alfid.com.
