Jupiter gold head Naylor-Leyland: Central banks 'unlikely' to unwind balance sheets

Risk "unpriced" throughout markets

Central banks are "unlikely" to unwind their balance sheets after more than a decade of quantitative easing despite signalling that they will, according to Jupiter Asset Management's gold and silver strategy head Ned Naylor-Leyland, who warned that this risk is "unpriced" throughout financial markets.

Speaking on a virtual debate on the future of the global monetary system alongside chair of digital assets platform CoinShares Daniel Masters last week, Naylor-Leyland said that while coronavirus and supply chain issues were having an impact, the recent uptick in inflation is "at least principally a monetary phenomenon". 'Long bitcoin' dethrones tech as the most crowded trade - Bank of America "The thing that is not priced in anywhere is this explosion in central bank balance sheets," Naylor-Leyland explained. "Everybody at the margin is nervous about it, and the way we are going i...