The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
The central bank is ‘really in risk management mode,’ its chairman said.
A focus on economic stability in the near-term makes the climate crisis worse in the long-term.
Recent Bank of Canada findings that showed Canadians have misgivings about a central bank digital currency should serve as a wake-up call that policymakers must do more to bridge the trust deficit.
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.
So you thought raising interest rates brought down inflation? The reality is a bit more debatable.
Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
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.
News of a soft landing may be premature.
The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
The deeper causes of inflation will make it very difficult to bring price rises down to more manageable levels.
Central banks are reaching into their toolkits to shore up the global financial system.
The failure of Silicon Valley Bank has exposed gaps in financial regulation that could be tricky to fill.
There are two types of systemic risk that can infect the highly interconnected global banking system.
The two central banks were due to raise rates aggressively, but then came the banking crisis.
The banking crisis has been caused by the interest rate rises, and further hikes were supposed to be a no no.
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
The speed of SVB’s collapse was a surprise but central bankers can learn lessons from this failure.
Central banks have been signalling that rate rises are going to get more aggressive again, but can the economy actually take it?
The reputation of the Bank of Canada will be undermined if the public believes the bank’s method of controlling inflation is no longer the right move.