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    Central banks

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    • Friday, 24 November, 2023
      Argentine politics
      Argentina’s Milei backs away from dollarisation as central bank pick rejects role

      Libertarian president-elect signals approach in keeping with ‘market situation’

      A 100-dollar bill cut-out with Javier Milei’s face printed on it
    • Friday, 24 November, 2023
      Economists Exchange
      Huw Pill: ‘We are making our judgments. The markets are making their judgments’

      Bank of England’s chief economist on battling inflation and responding to geopolitical shocks

    • Friday, 24 November, 2023
      Markets InsightTakashi Miwa
      The Bank of Japan is subtly shifting approach

      The central bank is nearing the end of its yield curve control policy

      A pedestrian walks past the Bank of Japan building in Tokyo
    • Thursday, 23 November, 2023
      Eurozone interest rates
      ECB policymakers open to another interest rate rise if needed

      Minutes show central bank’s governing council recognised need to avoid ‘unwarranted loosening of financial conditions’

      The European Central Bank headquarters pictured next to the river Main in Frankfurt
    • Wednesday, 22 November, 2023
      UK economy
      QT = hurty

      When the Office for Budget Responsibility gets nasty

    • Wednesday, 22 November, 2023
      European banks
      ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise

      Stability review notes sector’s resilience but urges lenders to increase provisions to cover rising loan losses

      Luis de Guindos, vice-president of the European Central Bank
    • Wednesday, 22 November, 2023
      Markets InsightRebecca Patterson
      Falling inflation might not dent gold’s rally

      Precious metal can gain even if the US economy heads to a soft landing

      Gold bars being laid out on soft black fabric
    • Tuesday, 21 November, 2023
      US interest rates
      Fed officials showed little urgency to raise rates further

      But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’

      The Federal Reserve building in Washington
    • Tuesday, 21 November, 2023
      UK inflation
      BoE governor warns markets not to expect UK inflation to fall quickly

      Andrew Bailey says investors are underestimating the ‘potential persistence’ of price growth

      Andrew Bailey
    • Tuesday, 21 November, 2023
      Chris Giles on Central Banks
      Emerging market central banks may be trumping the Fed and ECB Premium content

      Policymakers in advanced markets have lessons to learn from Latin America and Asia, though caveats should be noted

      The Central Bank of Brazil in Brasilia
    • Tuesday, 21 November, 2023
      Unhedged
      The Zombie notpocalypse Premium content

      Easy money has not bred the undead

      A woman dressed as a zombie
    • Monday, 20 November, 2023
      Federal Reserve
      The Fed’s balance sheet isn’t so boring after all

      Like “watching paint dry”, but if the paint was the US banking system

    • Friday, 17 November, 2023
      The Long ViewJennifer Hughes
      The view from a peak in rates may still be cloudy

      Soft US inflation data has convinced the market that the Fed will not lift its borrowing benchmark next month

      The Federal Reserve building
    • Friday, 17 November, 2023
      Deutsche Bundesbank
      Bundesbank looks to aid savers by cutting lenders’ interest payments

      Central bank chief Joachim Nagel’s position at odds with other ECB policymakers

      Joachim Nagel
    • Friday, 17 November, 2023
      Markets InsightMatt King
      The counterintuitive truth about deficits for bond investors

      Most of the time, higher government debt levels have been associated with lower yields, not higher

      Montage showing logos of Tokyo Bank and the European Central Bank, with Federal Reserve building in foreground
    • Thursday, 16 November, 2023
      Markets InsightTej Parikh
      Central banks’ trillion-dollar problem

      Bloated balance sheets need to come down without endangering financial stability

      Federal Reserve building during a renovation in Washington
    • Thursday, 16 November, 2023
      South African economy
      Ramaphosa government faces calls to tap foreign exchange gains to ease debt burden

      Hedge fund Amia Capital becomes latest body to float South Africa using central bank account as economy falters

      A view of the Pretoria city centre
    • Wednesday, 15 November, 2023
      US interest rates
      Fed official warns against calling time on rate-rising cycle too soon

      US central bank must not claim victory over inflation prematurely, says San Francisco Fed president

      Mary Daly, the head of the San Francisco Fed
    • Tuesday, 14 November, 2023
      Martin Wolf
      The case for loosening is getting stronger

      As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle

      Illustration of a line chart where the line resembles a question mark and a percentage sign
    • Tuesday, 14 November, 2023
      Chris Giles on Central Banks
      Japan’s elusive wage-price spiral Premium content

      The central bank rightly still worries inflation will be too low

      Bank of Japan governor Kazuo Ueda speaks to the media
    • Tuesday, 14 November, 2023
      Markets InsightJumana Saleheen
      Central banks need to be clearer on communication

      It is not just what central banks say, but also how they say it

      Montage of logos of Bank of England, Federal Reserve, European Central Bank
    • Friday, 10 November, 2023
      Market skittishness complicates central banks’ interest rate plans

      Falling government bond yields loosen the tight financial conditions policymakers want to create

      Christine Lagarde
    • Friday, 10 November, 2023
      European Central Bank
      ECB will not start cutting rates in ‘next couple of quarters’, Lagarde says

      Central bank’s president tells FT rates must be kept at current levels for ‘long enough’

      Christine Lagarde
    • Friday, 10 November, 2023
      Watch now: ECB president Christine Lagarde talks to FT’s Martin Wolf
    • Friday, 10 November, 2023
      Unhedged
      Bill Dudley: inflation wasn’t caused by too much money Premium content

      The former head of the New York Fed on macro lessons, monetary policy and the coming US fiscal crisis

      Bill Dudley
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