Now, to be fair to the Governor, one can’t blame underlying long-term productivity problems on the Reserve Bank, but equally no one really doubts that those 2024 and 2025 outcomes are mostly on monetary policy: the consequences of the Bank belatedly waking up to its past mistakes, and doi...
Does the Fed draw the lesson that aggressive monetary policy is ultimately destabilizing? Not at all. Instead, it embarks on an even more activist monetary policy that lays the seeds of an even bigger boom-bust cycle. By “aggressive monetary policy,” the author means lowering interest rates...
Posted in Federal Reserve, Keynesian, Monetary Policy, Money Laundering, Tax evasion, Underground Economy, tagged Federal Reserve, Keynesian Economics, Monetary Policy, Money Laundering, Tax evasion, Underground Economy on April 9, 2024| 4 Comments » To explain why the “war on cash” is misg...
Source: US Department of the Treasury, Monthly Statement, April 2024. This increase in government spending on interest payments due to rising rates means two things: Constrained fiscal policy: governments may have less room to manoeuvre when it comes to fiscal stimulus, as a larger propo...
As major global economies adjust their interest rate policies, financial markets continue to focus on central banks' monetary policy directions. From the Federal Reserve's gradual rate cuts to China's multiple rounds of easing measures, and the contrasti
May 2024 Monetary Policy Report This Monetary Policy Report (MPR) is made pursuant to Section 29(2) of the Bank of Zambia Act, 2022. This MPR was approved by the Monetary Policy Committee on May 13, 2024 and contains the information available as of May 7, 2024. Composition of the ...
We will learn this month about the last monetary policy decisions of the year in Mexico and the United States. The announcements from the central banks will be crucial for analysts, market participants, and the general public to obtain a clearer understa
May 2024 Monetary Policy Report This Monetary Policy Report (MPR) is made pursuant to Section 29(2) of the Bank of Zambia Act, 2022. This MPR was approved by the Monetary Policy Committee on May 13, 2024 and contains the information available as of May 7, 2024. Composition of the ...
Ueda’s mention of “Trend Inflation” staying below 2.0% implies a conservative approach toward policy changes, pending significant inflationary acceleration. The interest rate differential between the US (above 5.0%) and Japan (around 0.0%) continues to favor USD strength against the JPY, ...
The Central Bank of Uruguay reduced its benchmark policy rate by 50 basis points to 8.5% in its April 2024 meeting, following a period of steady rates in the previous meeting. The committee highlighted that inflation remains within the target range, with expectations converging. March 2024 saw ...