Reserve Bank revolution: How Jim Chalmers will re-craft the RBA for the 21st century
Apr 23, 2023 12:39 pm UTC| Central Banks Economy
The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers and the results are a blockbuster. The review has made 51 recommendations including: taking away power over...
What central banks are doing to safeguard financial stability and why they must proceed with caution
Mar 28, 2023 13:59 pm UTC| Economy Central Banks
Before a crucial week of interest rate decisions for central banks, and on the eve of the emergency takeover of banking giant Credit Suisse, the Bank of England and five other major central banks announced a coordinated...
Nigeria's central bank made critical mistakes that doomed the country's currency redesign
Mar 15, 2023 15:52 pm UTC| Economy Central Banks
Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future...
Why central banks are too powerful and have created our inflation crisis
Mar 15, 2023 15:48 pm UTC| Economy Central Banks
Fifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in energy prices. The war, between Israel and an Arab coalition led by Egypt and Syria, began on October 6...
RBA's latest forecasts are grim. Here are 5 reasons why
Feb 14, 2023 13:22 pm UTC| Economy Central Banks
After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australias latest set of forecasts make for grim reading. The forecasts are part of the central...
With inflation still rising, the RBA will almost certainly lift interest rates in February
Jan 26, 2023 11:54 am UTC| Economy Central Banks
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...
Federal Reserve is about to hike interest rates once again – so why are mortgage rates coming down?
Dec 19, 2022 16:43 pm UTC| Economy Central Banks
The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its...
There’s an extra $1 billion on the table for NT schools. This could change lives if spent well