To pivot or not to pivot?

A slew of central bank decisions last week highlighted a range of policy dilemmas at this stage of the tightening cycle, from the impact of higher rates on teetering housing markets to the threat that even hints of a slower pace of hikes triggers a market stampede back into risky assets. In this episode of The Weekly Briefing, Group Chief Economist Neil Shearing sifts through the outcomes of the meetings to explain how policymakers are coping with the challenge. Plus, as COP27 kicks off in Sharm El Sheikh, David Oxley, the head of our new Climate Economics coverage, explains why multilateral efforts such as these aren't the answer to containing the rise in global temperatures.