The Reserve Bank of Australia is ready to taper off the ‘unconventional’ monetary policy measures introduced in response to the COVID-19 crisis.
Debate is raging about whether the recent burst of inflation is temporary or here to stay.
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.
When you study the money supply, it shows that the inflation risk is different than in the 2010s.
With the global financial system on permanent life support, even trillion-dollar stimulus packages can only do so much to restore equality.
UK banks have been given six months to prepare for rates going below zero.
If the Reserve Bank had acted as it usually does, the cash rate would have dipped briefly negative in August.
QE has been used for more than a decade since the global financial crisis, but the impact has not been as governments had hoped.
The global economy is currently experiencing its severest contraction since the 1930s. While capitalism will survive, its fundamental structure can change at critical historical junctures.
Massive borrowing to fund NZ’s economic recovery due to COVID-19 cannot be written off without the risk of worsening the crisis it was designed to meet.
The bank has so far shied away from negative rates but it is running out of other firepower.
Creating lots of new money is supposed to produce runaway inflation. The longer that it doesn’t happen, the more this branch of economics appears to have a point.
There is no magic money tree in economics – whatever money is spent must be paid back later.
It’s time for the Bank of Canada to do more to help provincial governments deal with the financial fallout of the coronavirus pandemic.
Like Congress with its $2 trillion bailout, the Fed is engaged in an unprecedented effort to save the US economy and financial system from collapse.
Reserve Bank Governor Philip Lowe has laid out a road map for measures to drive a range of other interest rates down, now that its cash rate has hit effective zero.
Markets normally rally when central banks throw trillions of dollars at a problem. But not this time.
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
Will the all-time lowest rate in the world of -0.75% be enough for these alpine explorers?
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?