In the last few years, a lot has happened in the world. The COVID-19 pandemic continues to wreak havoc; the global economy is in danger of a recession; and the Ukraine crisis has persisted and escalated. Issues involving food, energy, industrial and supply chains and climate change have b...
In my remarks today, I aim to make three points: (1) to emphasise the MPC’s focus on returning inflation to its 2% target;[1] (2) to re-call the drivers of recent inflation developments and how they have shaped the MPC’s policy actions; and (3) to re-state and unpack the...
As a historian who's always searching for the text or image that makes us re-evaluate the past,I've become preoccupied with looking for photographs that show our Victorian ancestors smiling( what better way to shatter the image of 19th-century prudery?) .l've found quite a few, and-since...
The good ship Transitory was a crowded one, with most mainstream analysts and advanced-economy central bankers on board.The common expectation was that supply conditions would improve reasonably quickly, that the rapid recovery in demand would run its course, and that demand would rotate back from ...
Some things never change. One of them is monetary and fiscal policy’s perennial search for coherence and stability. The two policies are simply too closely intertwined. And their influence on the economy too powerful. Over the past year, we have seen the latest example of tensions. Monetary ...
adjustments. We made use of the policy tools kept in reserve over recent years,front-loaded the implementation of adopted policies, and remained firm in advancing supply-side structural reform. We unveiled and implemented a full range of policies and follow-up measures to stabilize the economy. ...
The resulting swings in activity and prices have presented policymakers with the challenge of identifying turning points in their underlying dynamics at a time of disruption in the economy and the financial sector. Inevitably, we need to navigate between the risk of underreacting – which could prol...
For more than 60 years, in total disregard of the many resolutions of the UN General Assembly, the US has continued its comprehensive blockade against Cuba based on its embargo policies and domestic laws such as the Torricelli Act and the ...
Common sense tells us that as long as diligent Chinese people want to eat, live and dress better, this will ensure that their personal dreams are gradually realized.China will have another 200 million middle-class residents by 2035. The vol...
Stock Market Today: Wall Street Opens 2025 With More Modest Losses U.S. stock indexes closed an erratic day of trading with more modest losses Associated PressJan. 1, 2025 The Latest An Analyst Looks Ahead to How the US Economy Might Fare Under Trump President-elect Donald Trump won a retu...