Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
The yen plunges to 34-year low despite interest rate hike 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
The Federal Reserve and the art of navigating a soft landing ... when economic data sends mixed signals 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
The RBA has kept interest rates on hold. Here's why it'll be cautious from here on 
Economists have seen this all before as fundamentals deteriorate, central banks act. It happened in third quarter 2012. With earnings growth expectations negative, the Federal Reserve stepped in with a third round of quantitative easing supplemented by Operation Twist for an unprecedented $1 trillion of stimulus per year. U.S. markets opened 2013 strong and never looked back. And now it's happening across the globe. The Fed set the tone by holding steady on rates following both its September and October meetings, and the European Central Bank declared its intention to stimulate big. But it was the People's Bank of China that upped the ante with two significant rate cuts in recent weeks, sparking a surge in global markets.
"This central bank-hosted party is most definitely not a celebration of economic prosperity; inflation, GDP and corporate profit expectations continue to be cut by Wall Street analysts, the International Monetary Fund and the World Trade Organization. Should the old adage "don't fight the Fed" be expanded to "don't fight the global central banks"? It sure looks that way given the latest explosive equity rally in the face of slowing global growth", says Voya Global.
