The Lockdown Weighted inflation CPILW for December 2020

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute
 
Summary
The CPILW rose slightly from 0.7% in November to 0.8% in December.  The CPIH measure of inflation also increased from 0.6% in November 2020 to 0.8% in December. Both measures indicate an increase in inflation in December.

Covid-19 and cyber risk in the financial sector

The financial sector has been hit by hackers relatively more often than other sectors during the Covid-19 pandemic. While this has not yet led to significant disruptions or a systemic impact, there are substantial risks from cyber attacks for financial institutions, their staff and their customers going forward. Financial authorities are working to mitigate cyber risks, including through international cooperation.

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