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Articles on Central banks

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The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation. THE CANADIAN PRESS/Sean Kilpatrick

Why we can’t just ‘stop printing money’ to get inflation down

While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right. AP Photo/Manuel Balce Ceneta

Jerome Powell keeps his job at the Fed, where he’ll be responsible for preventing inflation from spiraling out of control – without tanking the economy

After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.
There is a need to educate Nigerians on the difference between the digital representation of cash deposits in bank accounts and the eNaira in digital wallets. Pius Utomi Ekpei/AFP via Getty Images

Nigeria’s digital currency: what the eNaira is for and why it’s not perfect

Nigeria can pull off its newly introduced digital currency but there are concerns that must be addressed for its smooth operations.
A woman walks past the Bank of Canada building in Ottawa in September 2017. THE CANADIAN PRESS/Adrian Wyld

The Bank of Canada must seize the pandemic moment and do more for Canadians

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.

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