The Bank of England is weighing up the costs of a change.
Extreme weather is already having an influence on global food prices.
Inflation in the UK in August rose at the highest rate in a decade.
Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Interest rates, inflation and huge debts will all be up for debate.
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
Consumer spending fuelled by credit cards and bank loans has become central to economic growth, but it wasn’t always.
The unemployment decline isn’t as impressive as it first appears, and wages growth remains sluggish.
Much of the jump in inflation from 1.1% to 3.8% is transient, and the lockdown in NSW will suppress what’s left. But even if you still fear inflation, there are things you can do.
We spend more on alcohol than we’ll admit, less on electricity and gas combined than we think.
How the cost of what we eat rises and falls.
How scientists are planning to listen to the sound of the big bang with a gravitational wave detector that would fit in a kitchen.
South Africans should not panic about the food system. But authorities will need to act swiftly and assertively to restore stability.
IMF programmes run the risk of having too many conditions. This may drive countries into financial disaster. And back to the IMF again.
The RBA shouldn’t be spooked into raising interest rates, but the prospect of inflation in the next few years is an important consideration for central banks around the world.
Debate is raging about whether the recent burst of inflation is temporary or here to stay.
When policymakers reduce electricity scarcity to a few factors like theft and vandalism, to be solved with technology and stiff penalties, they miss other factors that contribute to electricity theft.
The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
If the proposed public sector wage freeze is aimed at improving the lot of lower paid workers, there are better alternatives the government should consider.
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.