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Central banking

Fed officials see inflation ‘upside risks’

by Walter Watson
Fed officials see inflation ‘upside risks’

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes …

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UK headline inflation rate drops sharply to 6.8% in July, in line with expectations

by Ron Morgan
UK headline inflation rate drops sharply to 6.8% in July, in line with expectations

LONDON — U.K. headline inflation cooled sharply in July to an annual 6.8%, but the core consumer price index remained unchanged, posing a potential headache for the Bank of England. …

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Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plunge

by Walter Watson
Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plunge

National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters Russia’s central bank on Tuesday hiked interest rates by 350 basis …

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China is grappling with a ‘confidence crisis’, says economist

by Walter Watson
China is grappling with a ‘confidence crisis’, says economist

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first …

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Argentina devalues its currency, jacks up interest rates

by Walter Watson
Argentina devalues its currency, jacks up interest rates

Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in Buenos Aires on August 13, …

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UBS ends Credit Suisse’s government and central bank protections

by Walter Watson
UBS ends Credit Suisse’s government and central bank protections

The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images UBS on Friday said that …

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Gold prices to breach all-time highs, with some calling for $2,500

by Walter Watson
Gold prices to breach all-time highs, with some calling for ,500

Sven Hoppe | Picture Alliance | Getty Images Gold prices are on track to rally to all-time highs in 2024 on the back of tapering interest rates, and looming recessionary …

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Bank of Japan debated prospects of sustained inflation at July meeting

by Walter Watson
Bank of Japan debated prospects of sustained inflation at July meeting

A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images The Bank of Japan debated growing prospects of sustained inflation at their July meeting with …

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Commerzbank CFO says the European Central Bank has hit pause

by Walter Watson
Commerzbank CFO says the European Central Bank has hit pause

The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday. The ECB raised interest rates in July, …

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How interest rates impact your money — from savings to mortgages

by Walter Watson
How interest rates impact your money — from savings to mortgages

“It can be easy to think that the decisions made by central banks don’t impact the daily lives of normal people, however, the reality is they’re very much likely to,” …

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