Over the past months, expectations of policy rate trajectories set the tone for global markets. Against a benign backdrop of declining inflation and surprisingly resilient economic activity, market participants' started pricing in early rate cuts, prompting central bank officials to dispel excessive optimism. These reassessments left an imprint in elevated bond volatility, which even surpassed that of equities. Against this backdrop, the correlation between equity and bond returns has turned from negative to increasingly positive, driven by news related to the inflation outlook.
We will dive into these topics with Marco Jacopo Lombardi, Principal Economist at BIS.
Agenda
| 18:00 |
Registration
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| 18:30 |
Welcome Remarks by CFA Society Italy
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| 18:35 |
Financial Markets Volatility Amid Monetary Policy Uncertainty
Marco Jacopo Lombardi, Principal Economist, Monetary and Economic Department, Financial Markets, BIS
Marco Jacopo Lombardi
Principal Economist, Monetary and Economic Department, Financial Markets, BIS
Marco Jacopo Lombardi joined the BIS in June 2012 from the ECB, where he worked in the Directorate General Economics. While with the ECB, Marco also spent five months as a visitor to the International Department of the Bank of Canada. Prior to joining the ECB, he was assistant professor at the University of Pisa and taught Bayesian econometrics, statistics and time series analysis. Marco holds a PhD in applied statistics from the University of Florence and has been Max Weber Fellow of the European University Institute. Before joining the BIS Financial Markets team in 2023, he worked in the Macroeconomic Analysis and Monetary Policy units, as well as in the Representative Office for Asia and the Pacific. Marco's research covers a broad range of applied issues, including monetary policy, inflation, commodities, forecasting, econometric methods and macroeconometric models.
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| 19:05 |
Q&A Session
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| 19:15 |
Networking Cocktail
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- Registrations are closed.
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- CFA Institute and CFA Society Italy Regular and Affiliate Members can self report 1 PL credit accessing their PL tracking tool through their account on the CFA Institute website.
- This event will be held in Italian.