These include the establishment of a separate Monetary Policy Board and Governance Board, aimed at making both decision-making and governance arrangements as effective as possible
Thousands of banks failed in the Great Depression.
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Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
A recession-free landing for the Fed may be harder now.
AP Photo/Alex Brandon
A slowdown in price rises, combined with the shift to less aggressive rate hikes, is good news for the minister’s budget initiatives on growth.
Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja.
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For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
Bank of Canada Governor Tiff Macklem arrives at a press conference in Ottawa on Oct. 26, 2022.
THE CANADIAN PRESS/Sean Kilpatrick
The markets have thumped the new UK government over its fiscally bold ‘mini-budget’.
A trader at a fresh food market in Nakuru Town. in Kenya. Food inflation has hit double digit figures.
Photo by James Wakibia/SOPA Images/LightRocket via Getty Images
The reality is that the US Federal Reserve has decided price rises must be addressed by raising interest rates. African countries have no choice by to follow suite.
Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022.
THE CANADIAN PRESS/ Patrick Doyle
Peter Martin, Crawford School of Public Policy, Australian National University
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Global central banks, like the Bank of Canada, are considering their own digital currencies as a backstop to prepare for a future where cryptocurrency dethrones cash as king.
THE CANADIAN PRESS/Adrian Wyld
Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
Looking back at the Reserve Bank’s performance in setting interest rates over the past generation, we’d grade it an A for earlier years – but a fail for the years just before the pandemic. Here’s why.
Will the latest Bank of England interest rate hike tackle inflation?
Neil Hall/EPA-EFE
Recent rate hikes will not do much to tackle inflation, but greater cooperation between the Bank of England and the government could help the UK economy.
Wall Street is following Fed rate hike news with rapt attention.
AP Photo/Seth Wenig
The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand