Climbing inflation.
Sergey Tinyakov/Shutterstock
The deeper causes of inflation will make it very difficult to bring price rises down to more manageable levels.
Battlestations: Bank of England Governor Andrew Bailey.
PA Images
And don’t be surprised if a sovereign downgrade makes the problem even worse.
Mick Tsikas/AAP
How could a central bank even make a loss, when its job is printing money? The answer is that during the COVID crisis it turned traditional investment advice on its head – and here’s why.
Only going up.
Oleg Golovnev
Many central bankers and economists are forecasting a return to low inflation within a couple of years, but that’s wishful thinking.
Not looking healthy.
hafakot
Normally investors view the future as more uncertain than the present. When that turns on its head, it’s often a bad omen.
Federal Reserve Chairman Jerome Powell.
EPA
A market crash may be more likely than at any time in a generation.
Nothing but conundrums.
koya979
Will we now see a proper pandemic recovery?
What goes up must come down.
iStock/Getty Images Plus
Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.
E as in ebbing.
kentoh/Shutterstock
To understand the euro’s weakness, you have to look at the US as well as Europe.
Fed Chair Jerome Powell prepares for the end of the era of cheap money.
Matt McClain/The Washington Post via AP
The Federal Reserve decided to slow its pace of bond-buying, potentially the beginning of the end of a program that’s been supporting the economy since March 2020.
Up she goes.
Lightspring
Inflation in the UK in August rose at the highest rate in a decade.
Rolling the dix.
Imelda
If insanity is doing the same thing over and over and expecting different results, what does that say about the EU?
Mick Tsikas/AAP
The Reserve Bank of Australia is ready to taper off the ‘unconventional’ monetary policy measures introduced in response to the COVID-19 crisis.
Prices, prices, prices.
06photo
Debate is raging about whether the recent burst of inflation is temporary or here to stay.
A woman walks past the Bank of Canada building in Ottawa in September 2017.
THE CANADIAN PRESS/Adrian Wyld
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.
Not swell.
Nikvart/Shutterstock
When you study the money supply, it shows that the inflation risk is different than in the 2010s.
Winners and losers.
Tama2u
With the global financial system on permanent life support, even trillion-dollar stimulus packages can only do so much to restore equality.
Dmytro Larin/Shutterstock
Ross Garnaut’s new book Reset argues for much bolder approach to employment, debt, interest rates and basic income than is widely envisaged.
Life below zero.
Dmitriy Demidovich
UK banks have been given six months to prepare for rates going below zero.
ksb/Shutterstock
If the Reserve Bank had acted as it usually does, the cash rate would have dipped briefly negative in August.