This week is packed with critical economic data and events, shaping global market sentiment. Three major central banks are scheduled to hold policy meetings and make decisions on their interest rates.
โStructural reforms are not the responsibility of the central bank โ they are the responsibility of governments,โ European Central Bank president says.
Inflation likely wonโt return to target until late next year, a new set of economic forecasts is expected to confirm Thursday.
Sadiq Al-Kabir says the attempted takeover by hostile government forces has backfired.
Josรฉ Luis Escrivรก has all the experience needed for the job but may struggle to escape the taint of cronyism.
IRLeaks, a group with a history of hacking Iranian companies, was said to be responsible.
As the economic picture becomes clearer, the institutions need to start playing catch-up in their pace of policy loosening
What could possibly go wrong?
Trumpโs comments mark the clearest signal yet on how he might try to blunt the central bankโs autonomy should he win a second term in November.
Analysts question whether the U.S. Fed has left it too late to begin cutting rates to save the economy from falling into a recession
The U.K.’s finance minister spent all week saying Britain’s economy is broken. Then the BoE cut interest rates.
โStickyโ service prices set to test the ECB’s nerve in September.
Relief is in sight โ but itโs still not a done deal.
Trumpโs about-turn on crypto-assets โ and his pick of crypto-evangelist running mate JD Vance โ resurfaces a nightmare scenario for EU policymakers.
Spotlight on Lagardeโs press conference as uncertainty over French budget policy swirls.
The presumptive GOP nomineeโs remarks suggest that he may not go further than he did in his first term.
Staff committee warns burnout situation could induce poor decision-making at one of Europeโs most powerful institutions.
Agustรญn Carstens tells policymakers and politicians to be careful ahead of Frances high stakes electionRising government debt levels could disturb global financial markets, the boss of the body that advises central banks has said ahead of Franceโs high…
Everything now is just a euphemism for financial repression and austerity. That doesn’t stop politicians looking for magical alternatives.
Swedenโs newly opened Economy Museum is the latest effort to make monetary policy more accessible
But crucial details remain unsolved as diplomats fear that talks might drag on until the end of the year.
“We might be stupid but we’re not that stupid,” says European official over plan for proposed loan.
Reform UK thinks they can raise up to ยฃ40 billion to fund tax cuts by treating banks’ QE reserves differently.
Both the prime minister and shadow chancellor were employed in the banking sector during the 2008 financial crash
We all knew it was coming, but what does it mean in practice?
Lagarde can count the first rate cut in the absence of a financial earthquake in two decades as a major win.
New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflationBorrowers in the eurozone and in Canada are expected to get some relief from high interest rates this week.After recent drops in inflation, th…
Edward Scicluna and Chris Fearne distance themselves from the scandal enveloping former PM Joseph Muscat.
From political witch-hunts and nobbling bank mergers to hacking Covid regulations, the ECBโs brushes with the law are varied and plentiful.
Executiveโs comments reflect growing scepticism over vast asset purchases as a tool to boost demand
Presented by Llyods.
Malta’s political elite is being rocked by impending charges over a 2015 hospital concession deal.
A grinding, slow process nears its end.
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economy
Here’s what you need to know about the French president’s wide-ranging address on Thursday.
Dubbed the “plank of England” by one newspaper, Bailey hasn’t always been the most popular figure โ but, perversely, criticism from Truss has helped.
Ex-PM describes the Treasury, the Bank of England and the Office for Budget Responsibility as a ‘three-headed hydra.’
Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.
Boris Johnsonโs dog Dilyn may have been the cause, Truss charges in excerpts in the Daily Mail.
The currency weakened as the ECB signals it plans start cutting rates before the Fed.
The BoE’s systems are out of date in a changing world, review said.
The battle for the narrative has swung again, now that prices are (nearly) behaving themselves.
Adam Glapiลski stands accused of engaging in unauthorized asset purchases and undermining the independence of the central bank.
Poland’s coalition is trying to rid public institutions of the former right-wing Law and Justice government’s influence.
Swiss National bank delivers first rate cut since 2015.
Chrystia Freeland is fighting for Ukraine โ and for political survival.
The Russian president is about to be reelected for another six years. What will that mean for his country and the West?
Annelieke Mooij, Assistant Professor,
Tilburg University
Photo credit: Sandro Halank, via Wikimedia
Commons
The Dutch climate
organization โmilieudefensieโ had threatened to start a case
against the Dutch ING bank. The 14th of February 2024 the…
A claim older than a century โ the odyssey of the central bankโs โevacuatedโ gold that was never returned after the First World War.
SNEAK PEEK โย Wednesdayโs budget looms and weโve got the details. โย Bank of England told to clamp down on excessive compliance breaches. โย Change of rules to allow fractional shares in ISAs set for delay. Good morning readers! We probably donโt need to remind you that itโs budget week this week. Itโs going to be [โฆ]
Swiss National Bank President Thomas Jordan will step down in September.
Service inflation stays stubbornly high, making the ECB likely to hold rates at its meeting next week.
โIt is time to start a conversation,” says EU Commission chief.
SNEAK PEEK โ Government wants City firms to encourage wealthy clients to give money to charities. โ Market-based finance causing headaches for the Bank of England. โ Hunt warned not to cut taxes without spending review. Good morning! I hope you all survived the arctic-like weather yesterday and are sufficiently warm enough to read todayโs [โฆ]
Confiscating frozen Russian assets would not only be fair, it would be legitimate. And this can happen as soon as the political will is there.
The City of London was supposed to have been set free by Britain’s departure from the EU. That’s not how it’s turning out.
Consumer prices in the United Kingdom stood at 4 percent in January, unchanged from December and defying expectations of a renewed pick-up, data released by the Office for National Statistics showed Wednesday. Analysts polled by Reuters ahead of the release had projected inflation to accelerate to 4.2 percent at the start of the year. Core [โฆ]
And people will get angry if you don’t come clean about that, Pierre Wunsch says.
And people will get angry if you don’t come clean about that, Pierre Wunsch says.
Brussels and G7 could use money generated by the frozen funds to rebuild the war-struck country.
Far-right leader is still miles away from becoming Dutch PM after coalition talks hit the rocks.
Experts seem optimistic, but events in China, Europe and the US suggest risks are still tilted to the downsideA month into 2024, the consensus forecast for the global economy remains cautiously optimistic, with most central banks and analysts projectin…
For all the talk of EUโs strategic autonomy, it would be ironic if even on an issue like this, nothing happened until the US made a move.
‘Mario Draghi was there for the ECB while the ECB seems to be there for Christine Lagarde,’ one staff member writes in major survey.
Autocrats, blowhards and bores: The 12 bad boys of the World Economic Forum shindig in the Swiss Alps.
US-led strikes against Houthi rebels come as Tehranโs partners sow havoc from Lebanon to the Red Sea. Experts fear itโs only the beginning.
Move avoids a potential embarrassment for the country holding the EU council’s rotating presidency.
A look back at the last 12 months, through data.
ECB and BoE refuse to countenance rate cuts, despite a clear pivot moment from the Fed.
ECB and BoE say battle against inflation not over, but more dovish US move โsets toneโ
Central banksโ efforts to tame inflation have made it harder for both wealthy and poor nations to shift away from fossil fuels.
Market Questions is the FTโs guide to the week ahead
Stubbornly high inflation forces central banks to avoid cuts, but markets expect falls next yearThe western worldโs largest central banks are poised to keep interest rates on hold this week amid concerns over stubbornly high inflation, despite growing …
Their rhetoric is starting to lack credibility as powerful economic headwinds emerge
Urban residents and poorer households hit hardest by expensive mortgages, rents and energy costs.
Most EU governments reject the idea put forward by Spain, arguing Kyiv would not get the money quickly enough.
Central banks still face hurdles in returning price growth to 2 per cent sustainably
As clamour grows for interest rate cuts, investors fear acting too slowly could harm already weak economies
Only two more years until the final dรฉnouement.
Tensions rise between investors pricing in interest rate cuts and central banks warning of persistent price pressures
Stance on inflation poses threat to โsoft landingโ forecast for global economy, says OECDBusiness live โ latest updatesContinued tough action by central banks to tackle stubborn inflation risks tipping Britain and other developed countries into recessi…
High deficit puts Paris in breach of EU’s budget rules. Belgium, Finland and Croatia also singled out.
Anarcho-capitalist insurgent has vowed to quit Mercosur trade bloc.
Scotland’s government wants to take the country independent and then join the EU. It’s a tricky path to get there.
Robert Fico has named his top team, and it features some controversial characters.
Despite countryโs huge debt load, politicians, central banks and rating agencies prevent it tumbling into the abyss
The International Monetary Fund (IMF) has warned that the conflict in the Middle East between Hamas and Israel could drive up inflation as central banks continue the battle to bring it down.
Many of the major central banks have decided to hold rates steady, but few officials are yet declaring victory over inflation
We have now crossed a point of no return in the hard-to-define area between finance and war.
Head of the lower house of Russiaโs parliament warns that ‘far more assets belonging to unfriendly countries’ will be grabbed in response if the EU confiscates earnings of Russiaโs frozen holdings.
A goodwill gesture has propelled the central bank into a minefield far removed from its expertise and mandate.
As Israel attacks add to uncertainty, ECB will stress data dependence while zooming in on balance sheet debate.
Just as inflation is getting under control and growth starting to recover, a wider Middle East conflict would pose significant problems.
Faster than expected cooling of price pressure in Norway and Denmark means central banks unlikely to raise interest rates
Economic fortunes are diverging, with Europeโs recovery falling behind buoyant US growth.
Working on ways to seize or use frozen and immobilized Russian assets wouldnโt only be morally right, it would also make sense pragmatically โ otherwise it will be Western countries footing the bill.
The UN has called on central banks to institute “more pragmatic policies to tackle inflation” as large parts of the world are “crushed” by debt, and wealthy countries risk another decade of austerity and recession.
It’s Yield-mageddon in the US, as the post-COVID bill comes in for paying.
Move suggests central bank sees end to cost-of-living pain in sight โ as Rishi Sunak gears up for an election campaign dominated by the economy.
