Inflation: raising interest rates was never the right medicine
Oct 23, 2023 08:19 am UTC| Economy Central Banks
Inflation remains too high in the UK. The annual rate of consumer price inflation to September was 6.7%, the same as a month earlier. This is well below the 11.1% peak reached in October 2022, but the failure of inflation...
Sep 29, 2023 08:50 am UTC| Economy Central Banks Politics
As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the banks governor, received imploring letters from premiers spanning both the country and the political...
Why central banks should stop raising interest rates
Sep 28, 2023 02:49 am UTC| Insights & Views Economy Central Banks
Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of Englands 14-month campaign of base rate hikes. Led by the US Federal Reserve, many of the worlds major central banks, including the...
Sep 26, 2023 03:55 am UTC| Economy Central Banks
The Bank of England (BoE) has been strongly criticised for failing to predict the surge in inflation. Had it done so, it could have reacted more quickly and prevented inflation from rising as high as 11% in autumn...
The Federal Reserve held off hiking interest rates
Sep 23, 2023 03:19 am UTC| Economy Central Banks
Federal Reserve officials held interest rates steady at their monthly policy meeting on Sept. 20, 2023 only the second time they have done so since embarking on a rate-raising campaign a year and a half ago. But it is...
Jul 27, 2023 08:46 am UTC| Economy
Australias inflation rate has fallen for the second consecutive quarter. After reaching a 30-year high of 7.8% at the end of 2022, annual inflation as measured by the Bureau of Statistics quarterly Consumer Price Index...
Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe
Jul 17, 2023 13:00 pm UTC| Economy
The government has appointed Michele Bullock the new governor of the Reserve Bank the first woman to occupy the post. Bullock, currently deputy governor, replaces Philip Lowe, who has weathered strong criticism,...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight