At the heart of the economic war: the parity of the rouble.
Ulianapinto/Pixabay
The idea: to use the credit channel by making foreign banks bear the consequences of the devaluation of the Russian currency.
The rock and the hard place.
Sergey Nivens
Central banks are facing some of their toughest monetary policy decisions ever.
Stagflation is scary.
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The US economy is cooling, yet inflation remains elevated, a combo that suggests stagflation might be right around the corner.
Moscow headquarters of Rosneft, Russia’s state-owned oil company.
AP Photo/Mikhail Metzel
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
As the ruble crumbles, are the wheels falling off the Russian economy?
AP Photo/Pavel Golovkin
Soaring inflation and a run on the banks signal that punishing sanctions resulting from the invasion of Ukraine are already inflicting economic pain.
ITAR-TASS News Agency / Alamy Stock Photo
The cost of living crisis could get even worse.
Over 50 per cent of working Americans continue to be dissatisfied with their ‘unjust’ incomes. They say it isn’t sufficient to meet their family expenses.
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Many Americans regularly report that they don’t make enough to support their families. Status plays a role — while money can’t buy happiness, it can bring status, which can lead to happiness.
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Disruption at each stage of supply chain – production, transportation and distribution – is forcing New Zealand to ‘import’ more inflation. There will be no quick fix in 2022.
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The sums aren’t adding for South Africa on either the spending or revenue side. It’s a problem that’s developed over time with no action being taken.
EPA-EPE/SERGEY KOZLOV
The threat of sanctions may have little effect.
The price of used cars has soared during the pandemic.
AP Photo/Matt Rourke
Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.
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Global supply chains and energy prices are not solely to blame for a tough year ahead.
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If we want higher wages, we must win them through deliberate wage-boosting policies.
Rishi Sunak: the lightbulbs are coming for you.
HM Treasury/ Flickr
As household budgets come under strain, so does support for governments, as Boris Johnson should note.
Plenty of places hiring, and more people looking for jobs.
AP Photo/Nam Y. Hu
While the uptick in the unemployment rate in January may seem like bad news, the reason it rose actually shows the labor market returning to normal.
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There’s no reason why Australian lenders couldn’t offer 30-year fixed-rate mortgages, as they do in the US. It could save borrowers thousands of dollars in interest a year.
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As inflation bites, targeted relief for those most affected by the rising cost of living would be the best short-term option.
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The case for the RBA increasing interest rates certainly exists. But it’s far less pressing than in the United States.
All eyes are on Fed Chair Jerome Powell as the central bank prepares to raise rates for the first time in three years.
Brendan Smialowski/Pool via AP
The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
Fed Chair Jerome Powell is talking tough on inflation.
EPA
The economy doesn’t have a real inflation problem, and not recognising the difference is the biggest danger.