May 17, 2023 07:49 am UTC| Economy Central Banks
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt. You hope it...
Why the Bank of England is now more upbeat than the IMF
May 16, 2023 13:16 pm UTC| Economy Central Banks
The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high...
Bank of England interest rate rise: why this could be the last increase for a while
May 11, 2023 14:45 pm UTC| Economy Central Banks
The Bank of England has increased its benchmark interest rate to 4.5% the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008. The European Central Bank (ECB) also...
May 01, 2023 12:43 pm UTC| Economy Central Banks
With inflation easing and the U.S. economy cooling, is the Federal Reserve done raising interest rates? After all, gently bringing down the trajectory of prices without crashing the economy was the central banks objective...
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...
Treasurer Chalmers has a $70 billion a year budget hole: we've found 13 ways to fill it
Apr 12, 2023 03:23 am UTC| Economy Central Banks
No one likes spending cuts and tax hikes, but on our estimate the government will soon need more of them if they are going to make a dent in looming A$70 billion a year budget deficits. A new Grattan Institute report,...
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come
Apr 05, 2023 13:16 pm UTC| Economy Central Banks
Australias Reserve Bank hit pause on interest rates after ten successive hikes on Tuesday, but for many Australians, the pain it has inflicted is about to begin. The Bank says more than one million households will come...
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