Jun 16, 2023 06:04 am UTC| Economy Central Banks
The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECBs main refinancing rate which dictates the cost of borrowing across much of Europe,...
Why the Federal Reserve's epic fight against inflation might be over
Jun 15, 2023 05:25 am UTC| Economy Central Banks
The Federal Reserves decision to hold rates steady signals that central bankers believe it is time to hit pause, at least temporarily, on their aggressive campaign to tame runaway inflation. The latest data, not to...
May 17, 2023 07:49 am UTC| Economy Central Banks
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt. You hope it...
Why the Bank of England is now more upbeat than the IMF
May 16, 2023 13:16 pm UTC| Economy Central Banks
The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high...
A brief history of debt ceiling crises and the political chaos they've unleashed
May 14, 2023 05:10 am UTC| Economy
There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the U.S. to...
Bank of England interest rate rise: why this could be the last increase for a while
May 11, 2023 14:45 pm UTC| Economy Central Banks
The Bank of England has increased its benchmark interest rate to 4.5% the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008. The European Central Bank (ECB) also...
May 01, 2023 12:43 pm UTC| Economy Central Banks
With inflation easing and the U.S. economy cooling, is the Federal Reserve done raising interest rates? After all, gently bringing down the trajectory of prices without crashing the economy was the central banks objective...
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