The Challenges for Central Banks Next Year

The main challenge for central banks is to keep interest rates high, and that's indeed what they're trying to do. Complicating this task is the fact that there may be issues arising as they have a reason in the context of the functioning of the financial system. The specific measurement of liquidity conditions is a kind of multifaceted exercise. And it depends on whether you're looking at market depth, indicators or bid-ex spread.