The idea: to use the credit channel by making foreign banks bear the consequences of the devaluation of the Russian currency.
The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
Inflation is rising at the fastest pace since Ronald Reagan was president.
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.
The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
Stringent restrictions could stifle innovation among mobile money operators and hinder access to financial services.
The current lockdown in Zimbabwe is going to provide a stern test for its informal economy, which is the country’s dominant economy and employs 90% of people.
Robert Mugabe’s years of playing one group off against the other to favour himself finally wore too thin in 2017.
For one, you can’t break an economy that’s already broken.
The world’s most oil-abundant nation is heading for energy consumption levels not seen since the 1990s.
Venezuela’s hyperinflation has been caused by an inept public policy of printing more money and private individuals making the most of differences between official and unofficial exchange rates.
President Emmerson Mnangagwa’s decision to double the price of petrol shows very poor judgement and bad leadership.
When poorer countries print more money, it doesn’t make them richer – it just means people need more money to buy the same things.
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
While many market observers blame growing concerns about inflation for the stock market crash, the real culprit may be fears that the economy is about to slow.
While many market observers blame the growing threat of inflation for the stock market crash, the real culprit may be concerns that the economy is about to slow.
How to understand the economic, political and humanitarian crisis that has brought a South American nation to its knees.
Summer spending across English Premier League football clubs has been jaw-dropping.
Empty toy stores, bakeries without bread and families who can’t travel to be together. This is the year that the government Grinch stole Christmas.