The Fed left interest rates unchanged but said improving economic data means it will likely lift them later this year. We asked two scholars – and ex-Fed officials – if it was the right call.
You’re not the only one in the dark.
Kevin Lamarque/Reuters
Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Employment growth remains flat, despite hopes for improvement.
Daniel Oines/Flickr
The RBA leaves rates on hold, Australia gets a GDP growth spurt from pre-election spending, and the IMF lays the groundwork for a lowering of global growth expectations.
Guy Debelle is preparing to become Deputy Governor of the RBA.
Lukas Coch/AAP
The 2008 financial crisis exposed major gaps in central banks’ operations. New features like quantitative easing have since emerged.
When attendees at the annual Jackson Hole symposium get a chance to chat, they might muse about central banks targeting nominal GDP instead of inflation.
Reuters/Jonathan Crosby
Malcolm Turnbull has announced that the heads of Australia’s big four banks will be grilled annually by the House of Representatives economics committee.
Britain’s central bank governor Mark Carney is like a prize fighter throwing his last, limp punches.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction.
Paul Miller/AAP
Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday’s rate cut - or their chief executives must explain why they are not doing so.
The RBA has cut rates to try and stimulate inflation and growth.
Dean Lewins/AAP