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...
Mar 15, 2023 15:45 pm UTC| Economy Central Banks
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%. Rather, the inflation report...
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...
Why the Fed raised interest rates by the smallest amount since it began its epic inflation fight
Feb 05, 2023 04:27 am UTC| Central Banks Economy
The Federal Reserves policy-setting committee lifted interest rates on Feb. 1, 2023, by a quarter of a percentage point to a range of 4.5% to 4.75%. The increase, the smallest since the Fed began an aggressive campaign of...
Jan 26, 2023 12:05 pm UTC| Economy Central Banks
The Bank of Canada resolutely declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reaching the banks two per cent inflation target, todays eighth consecutive interest...
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