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...
A brief history of debt ceiling crises and the political chaos they've unleashed
May 14, 2023 05:10 am UTC| Economy
There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the U.S. to...
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...
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...
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