Trying to maintain some stability.
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Central banks are reaching into their toolkits to shore up the global financial system.
Rising prices.
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Raising rates to fight inflation involves a time lag so current efforts to bring down prices won’t start having an impact until the next election is approaching.
Mortgage rates are set to stay high for some time.
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UK borrowers are expecting mortgage rates to fall again. Here’s why this looks unlikely in the current economic environment.
Decision time: Jerome Powell, chair of the Federal Reserve.
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The two central banks were due to raise rates aggressively, but then came the banking crisis.
Happy days.
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Central banks have been signalling that rate rises are going to get more aggressive again, but can the economy actually take it?
The Bank of England has new plans for a digital pound.
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The UK economy could benefit from a digital pound, but is there a role for crypto?
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While UK inflation could drop again in 2023, there is a lot of work to do to support the country’s economy.
Many countries are dealing with a rapidly rising cost of living.
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January 6, 2023
Alan Shipman , The Open University ; Aymen Smondel , IAE Nice - Université Côte d'Azur ; Bhima Yudhistira Adhinegara , Center of Economic and Law Studies (CELIOS) ; John W. Diamond , Rice University ; Luis Garvía Vega , Universidad Pontificia Comillas ; Mohamad Hassan Shahrour , IAE Nice - Université Côte d'Azur ; Peter Martin , Crawford School of Public Policy, Australian National University , and Wayne Simpson , University of Manitoba
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
This could get ugly.
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Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Different accounts, different interest rates.
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Mortgage rates have rocketed in recent months, but what about the rate on your savings account?
Unbearable pressure: Fed Chair Jay Powell.
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Central bankers are set to slow down their rate hikes.
The Bank of England in Threadneedle Street, London is the Central bank of the United Kingdom.
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The Bank of England expects a long UK recession but believes interest rates may not need to increase much more.
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The new government faces both short- and long-term problems when trying to reignite investor confidence in the UK
Andrew Bailey, the embattled governor of the Bank of England.
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If the Bank of England extends its rescue scheme for the bonds market beyond October 14, all bets are off.
Battlestations: Bank of England Governor Andrew Bailey.
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And don’t be surprised if a sovereign downgrade makes the problem even worse.
Will he stay or will go?
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The expected relationship between government and central bank policy has broken down in the UK.
The Bank of England has indicated that the UK may have already entered a recession based on preliminary data.
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Explaining why it can be so difficult to pinpoint whether or not an economy is in recession.
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At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
The Bank of England, London.
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Reforming the Bank of England to help it tackle inflation may end up compromising its independence.
Lots more of this.
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Central banks are having to choose between ruinous inflation or ruinous interest rates.