Central banks are entering a new paradigm as economies emerge from the pandemic. Some, such as the Federal Reserve and the ECB, have launched new inflation-targeting frameworks. Others, including several in the emerging markets, have already started tightening monetary policy in an effort to head off rising inflation. These developments have broad investment implications, including whether “orthodox” policies will ever return to the developed markets, if emerging market central banks have the tools to fight the next crisis, and how global investors might navigate the ongoing evolution in monetary policy.
In this on-demand webinar, a panel of PGIM Fixed Income's senior investment professionals discuss how central banks in different regions are tackling these challenges and importantly, how investors can make sense of it all.