The central bank is ‘really in risk management mode,’ its chairman said.
Twelve months ago, bitcoin looked dead in the water. Now it could be heading to all-time highs.
And will the vibecession ever end?
A lot of Australians are hoping there might be an interest rate cut at the next Reserve Bank board meeting but they shouldn’t hold their breath.
Market expectations for rate cuts sooner rather than later have been dashed but some economies remain in danger of recession.
Australia’s household saving ratio has collapsed from a high of 20% at the start of the decade to just 1.1%.
The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
Fed Chair Jerome Powell bristles at talk of managing climate change, but the damage it is doing the US economy is hard to ignore, as the latest National Climate Assessment shows.
It’ll now be a frugal Christmas in many Australian homes. But there is a glimmer of good news: if we do tighten our belts, rates could start to come down by as early as the middle of next year.
In this podcast, independent economist Chris Richardson joins The Conversation to discuss a rate rise, "sticky" inflation, the fall in the standard of living, and a bleak prospect as we go into 2024.
So you thought raising interest rates brought down inflation? The reality is a bit more debatable.
We need to start cutting rates, but there’s something that has to happen first.
Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing also has an effect.
The bank’s review into its failure to predict the inflation surge misses a second equally important blunder a few months later.
News of a soft landing may be premature.
A swift intervention by the US Federal Reserve has kept most banks on their feet, but September/October is often the time when financial crises come to a head.
The world’s central banks face a range of dilemmas, not least whether high inflation – and therefore high interest rates – will become permanent.
We hear a lot about the negative impact of rate rises on mortgage repayments while little is made of the benefits of high interest rates.
Recent interest rate hikes are not just a problem for mortgage borrowers, many companies are suffering too.
With an inflation rate peaking at just 4.4%, Japan seems to be getting something right about managing economic pressures. How does it do this, and should New Zealand revisit its own strategies?