A closer examination of the money and credit data indicates that the recent intensification of financial tensions has already had an identifiable impact, particularly in the form of outflows from money market funds and greater inflows into overnight deposits. However, the full impact of investors’ uncertainty on their portfolio allocation behaviour is still to be seen in the coming months.
As our reliable and invaluable ally, we have no doubt that PPMI will support the proper implementation of the NRPS framework; ... monitor compliance with its principles; ... conformance to agreements of our automated clearing houses (ACHs) ... and will be powerfully instrumental in strategically driving electronic payments through these ACHs (ACHs that have been, and are yet to be launched).