Central banks hold interest rates at a scary time
Description
The Bank of Canada and European Central Bank’s thinking diverges on economic shocks
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Central banks must stay on inflation alert in era of volatility, BIS says
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Conflicts, climate change and trade disputes may require ‘forceful’ rate rises in future, says Basel-based body
Central banks set to hold interest rates high into 2024
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Plus, Zelenskyy criticised for ‘rose-tinted’ speeches, Sunak defends Johnson at the Covid inquiry and reference to fossil fuel phaseout dropped from COP28 draft
Central banks should raise the bar for intervention
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Economic stabilisation may, paradoxically, raise the chances of financial market instability
Central banks should set a ‘high bar’ for interest rate cuts, BIS warns
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Umbrella body for central banks highlights risk of flare-up in services prices and wage growth
Central banks struggle with changing facts
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Whether they changed their minds or stuck firm, markets did not believe them
Central banks woo ‘wider audience’ with economy museums
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Sweden’s newly opened Economy Museum is the latest effort to make monetary policy more accessible
Central Cee: Can’t Rush Greatness — is this UK rap’s best chance at global success?
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The rapper’s debut studio album is a portrait of its maker as a simultaneous superstar and underdog
Centre-left challenger wins Uruguay presidency
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Yamandú Orsi defeats incumbent centre-right party with pledge to raise social spending