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This series is dedicated to providing accurate and timely news about central banking, with a focus on monetary policy, financial stability and regulation for anyone looking to understand the policy of central banks and what central bankers think about the global economy.

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

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Economy

Why China’s economy has hit a wall

Chinas annual parliamentary meetings in Beijing came to a close on March 11. They were conducted under great pressure: a weak economy and high expectations from both the domestic public and international observers as to...

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 in 2024. Nearly six per cent of Russias gross...

Mentorship is key to improving social and economic outcomes for Black youth

Black youth in Canada experience poorer educational achievement than other children and youth, which leads to subsequent poor economic outcomes. A series of problems and barriers contribute to poor educational outcomes....

There’s an extra $1 billion on the table for NT schools. This could change lives if spent well

The federal and Northern Territory governments have just made a historic funding announcement of about A$1 billion for schools in the territory. This includes an extra $737.7 million from the federal government and an...

Undersea cables for Africa’s internet retrace history and leave digital gaps as they connect continents

Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the...

Politics

China's Commerce Minister to Advocate EV Sector in Europe Amid Subsidy, Tariff Probe

Chinas Commerce Minister Wang Wentao is set to visit Europe in April to address concerns and advocate for the Chinese electric vehicle (EV) industry amid a European Commission investigation into alleged unfair...

Chinese Hackers Target US Officials and Dissidents in Cyber Espionage Scheme

Seven nationals of the Peoples Republic of China (PRC) face charges for a long-term cyber espionage campaign targeting political dissidents and officials in the US, marking a significant escalation in international cyber...

SpaceX Builds Spy Satellites for US; Russia Warns of Military Response

Russia has issued a stark warning to the United States, stating that the use of SpaceXs satellites for espionage could render them targets for military action. This follows revelations that SpaceX is constructing a spy...

Deepfakes are still new, but 2024 could be the year they have an impact on elections

Disinformation caught many people off guard during the 2016 Brexit referendum and US presidential election. Since then, a mini-industry has developed to analyse and counter it. Yet despite that, we have entered 2024 a...

Science

How do airplanes fly? An aerospace engineer explains the physics of flight

Airplane flight is one of the most significant technological achievements of the 20th century. The invention of the airplane allows people to travel from one side of the planet to the other in less than a day, compared...

The mystery of consciousness shows there may be a limit to what science alone can achieve

The progress of science in the last 400 years is mind-blowing. Who would have thought wed be able to trace the history of our universe to its origins 14 billion years ago? Science has increased the length and the quality...

What is minoxidil, the anti-balding hair growth treatment? Here’s what the science says

Hair loss (also known as alopecia) often affects the scalp but can occur anywhere on the body. Its very common and usually nothing to worry about; about half of Australian men show signs of visible baldness at age 50 and...

Our survey of the sky is uncovering the secrets of how planets are born

When we look out to the stars, it is typically not a yearning for the distant depths of outer space that drives us. When we are looking out there, we are truly looking back at ourselves. We try to understand our place in...

Archeoastronomy uses the rare times and places of previous total solar eclipses to help us measure history

Total solar eclipses have fascinated and terrified people for centuries. Today, we know that total solar eclipses like the upcoming eclipse on April 8 are caused by a cosmic coincidence when the moon comes between the...

Technology

Shiba Inu Community, Binance Stir Crypto World; Token Burns Fuel Market Surge

In a striking turn of events, the Shiba Inu community has reacted to Binances provocative statement declaring everyone an NFT amidst a significant uptick in SHIB token burns that spurred its market value. The meme coins...

Amazon One App Launches Palm-Scanning Sign Up; Palm Pay Available at Whole Foods, Panera

Amazon now allows users to set up palm recognition for seamless payments at Whole Foods, Panera, and other locations directly from their smartphones. Amazon One Expands with Mobile App for Easy Palm Recognition...

Crypto ATM Installations Set to Skyrocket, Driven by Bitcoin FOMO, CEO Predicts

As the crypto industry anticipates a surge in Bitcoin interest post-halving, Bitcoin Depot CEO Brandon Mintz predicts a significant resurgence in crypto ATM installations worldwide. This optimism follows a decline in 2023...

Ford Motor Slashes F-150 Lightning Workers as EV Sales Slow

Ford Motor Company is trimming down its workforce at its Michigan production plant for F-150 Lightning pick-up trucks. The automaker cited slow EV sales as the reason for the move. Ford Motor will slash two-thirds or...
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