The Latest Breaking News from Monetary Policy

But Governor Andrew Bailey says rates could rise again if inflationary pressures become embedded

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

Federal Reserve Bank of New York President John Williams said it’s critical the U.S. central bank remain committed to its 2% inflation goal, and emphasized monetary policy must bring supply and demand into better balance to lower inflation.

Local governments, businesses and households all have holes in their finances that will discourage them from borrowing

Investors say Kazuo Ueda's appointment as the Bank of Japan's new chief may indicate how soon it will shift away from extremely low interest rates — a transition that could have huge ramifications for global financial markets.

When Zimbabwe’s finance minister Mthuli Ncube presented the national budget for 2023 to Parliament in November 2022, he placed high emphasis on a raft of initiatives designed to spur strong economic growth and unleash economic transformation. These included financing of infrastructure projects, education, health, value chains and other public investments.

Jonathan Haskel, an external member of the Bank of England’s Monetary Policy Committee, said a wave of investment was ‘stopped in its tracks’ in 2016.

The main worry is workers might demand more pay, employers will pass that on to prices, and a wage-price spiral will take off

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.