Bank of Canada Governor Tiff Macklem arrives at a press conference in Ottawa on Oct. 26, 2022.
THE CANADIAN PRESS/Sean Kilpatrick
Because central banks delayed interest rate increases early in the pandemic, they have spent 2022 playing catch-up with runaway inflation.
Kwasi Kwarteng and Liz Truss at the Conservative Party Conference, October 2022.
TOLGA AKMEN / EPE-EFE
Some taxes are more popular than others in the eyes of the public.
Nigeria’s economy needs to diversify away from oil.
Pius Utomi Ekpei/AFP via Getty Images
There should be a better long-term strategy for foreign direct investments in Nigeria that’s not tied to its oil reserves.
Will he stay or will go?
The expected relationship between government and central bank policy has broken down in the UK.
That sinking feeling.
The markets have thumped the new UK government over its fiscally bold ‘mini-budget’.
A trader at a fresh food market in Nakuru Town. in Kenya. Food inflation has hit double digit figures.
Photo by James Wakibia/SOPA Images/LightRocket via Getty Images
The reality is that the US Federal Reserve has decided price rises must be addressed by raising interest rates. African countries have no choice by to follow suite.
Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022.
THE CANADIAN PRESS/ Patrick Doyle
The Bank of Canada’s expansionary monetary policy in 2021 is an important source of the high inflation we are experiencing today.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Global central banks, like the Bank of Canada, are considering their own digital currencies as a backstop to prepare for a future where cryptocurrency dethrones cash as king.
THE CANADIAN PRESS/Adrian Wyld
Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.
Bank of Canada
The review will examine the bank’s Act, its inflation target, its management and recruitment process and the composition of its board.
Looking back at the Reserve Bank’s performance in setting interest rates over the past generation, we’d grade it an A for earlier years – but a fail for the years just before the pandemic. Here’s why.
Will the latest Bank of England interest rate hike tackle inflation?
Recent rate hikes will not do much to tackle inflation, but greater cooperation between the Bank of England and the government could help the UK economy.
Wall Street is following Fed rate hike news with rapt attention.
AP Photo/Seth Wenig
The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
Bianca de Marchi/AAP
Critics ought to acknowledge that on average over time Australia’s Reserve Bank has met its inflation target, but it is worthwhile examining the way it is run.
Japan Ministry of Finance/Shutterstock.
The best way to manage the economy is though an array of tools. Interest rates are just one.
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
While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
There’s no reason why Australian lenders couldn’t offer 30-year fixed-rate mortgages, as they do in the US. It could save borrowers thousands of dollars in interest a year.
Fed Chair Jerome Powell is talking tough on inflation.
The economy doesn’t have a real inflation problem, and not recognising the difference is the biggest danger.
What goes up must come down.
iStock/Getty Images Plus
Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.
Used car and truck prices are up 31% over the previous year.
AP Photo/David Zalubowski
Inflation is rising at the fastest pace since Ronald Reagan was president.