RBA Warns of Global Financial Fragmentation
Reserve Bank of Australia warns of global financial instability; surge in gold holdings among select countries signals growing concern about asset seizures or sanctions, potentially leading to fragmentation in the global financial system. Markets underestimating geopolitical and economic risks, with risk premiums at concerning lows, suggesting investor complacency. Central banks urged to remain vigilant in navigating a more fractured global landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.