Why central banks are too powerful and have created our inflation crisis
Mar 15, 2023 15:48 pm UTC| Economy Central Banks
Fifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in energy prices. The war, between Israel and an Arab coalition led by Egypt and Syria, began on October 6...
RBA's latest forecasts are grim. Here are 5 reasons why
Feb 14, 2023 13:22 pm UTC| Economy Central Banks
After lifting interest rates for a record nine times in a row, and flagging more raises still to come, the Reserve Bank of Australias latest set of forecasts make for grim reading. The forecasts are part of the central...
With inflation still rising, the RBA will almost certainly lift interest rates in February
Jan 26, 2023 11:54 am UTC| Economy Central Banks
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 its highest rate in 33 years. The data from the Australian Bureau of...
Federal Reserve is about to hike interest rates once again – so why are mortgage rates coming down?
Dec 19, 2022 16:43 pm UTC| Economy Central Banks
The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its...
This latest increase in RBA interest rates might well be the last, for some time
Dec 08, 2022 10:59 am UTC| Central Banks Economy
You might not know it from reading Tuesdays statement announcing Australias eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough. The statement says inflation is still too...
The Bank of Canada just hiked interest rates for the sixth time — is it too late?
Oct 31, 2022 08:50 am UTC| Economy Central Banks
Following closely on the heels of the European Central Bank and the U.S. Federal Reserve Board, the Bank of Canada has raised its target interest rate by 50 basis points. This is its sixth interest rate hike this...
Why does the RBA keep hiking interest rates? It's scared it can't contain inflation
Aug 03, 2022 00:55 am UTC| Economy Central Banks
There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects