I want to draw your attention to the recent closure of a Kenyan bank, which had a subsidiary in Uganda. The closure highlighted a few challenges in the winding up of parent banks while the subsidiary remains operational.
Inflation is weak and will remain so for some time in all the developed countries. Are there hidden risks in the current divergence between the Fed, which is expected to increase rates three times this year, and the ECB? There’s been a divergence several times since the start of the crisis. Central banks must respond to the particular fundamental situations of their respective economies.