Central bank support for the global economy through huge government bond purchasing programs does not appear to be having an impact on business credit growth.
As a former senior official at the Reserve Bank of Colombia, global mining executive Alberto Calderon knows a thing or two about monetary policy.
He understands why the world’s central banks, including the Reserve Bank of Australia, are providing record levels of liquidity to financial markets. It is a rational and appropriate response to the COVID-19 pandemic.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
