reserve bank

RBA Inflation Target Set to Surface as Disasters Fuel Prices

RBA Inflation Target Set to Surface as Disasters Fuel Prices

Philip Lowe is on track to reach a milestone that has eluded him since taking the helm of Australia’s central bank 40 months ago: his inflation target. But given the circumstances, he’d doubtless
South Africa Readies Asset Sales as SAA Faces Funding Crisis

South Africa Readies Asset Sales as SAA Faces Funding Crisis

The Ramaphosa administration is accelerating the sale of government assets to fund its cash-strapped airline and other distressed state-owned companies.
A $453 Billion Bond Manager Is Shifting Bets From India to China

A $453 Billion Bond Manager Is Shifting Bets From India to China

Western Asset Management Co. is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook.
Iraq Could Risk Dollar Access, Oil Marketing if U.S. Troops Out

Iraq Could Risk Dollar Access, Oil Marketing if U.S. Troops Out

Iraq’s government could lose access to its dollar account at the Federal Reserve if the Trump administration imposes sanctions, as President Donald Trump has threatened, said Majida Al-Tamimi, a
Rajan, Critic of Modi Policies, Says Student Protests Offer Hope

Rajan, Critic of Modi Policies, Says Student Protests Offer Hope

Raghuram Rajan, former head of the Reserve Bank of India and an outspoken critic of several of Prime Minister Narendra Modi’s economic and social policies, said student-led protests in the country
Charts That Show Budget Challenges for South Africa’s Mboweni

Charts That Show Budget Challenges for South Africa’s Mboweni

South African Finance Minister Tito Mboweni has to tick many boxes in his medium-term budget: credible fiscal and debt numbers, plans to boost economic growth and policy steps that increase investor
How Germany Deflected Pressure to Spend and Even Won an Ally

How Germany Deflected Pressure to Spend and Even Won an Ally

Germany backed further off a full-scale economic stimulus at a meeting of global finance chiefs, a remarkable outcome given relentless calls for action from Europe, the U.S. and international
Larry Summers Slams Rich Cities’ Use of Investment Incentives

Larry Summers Slams Rich Cities’ Use of Investment Incentives

Former Treasury Secretary Lawrence Summers said the federal government should prohibit richer U.S. states and cities from offering incentives to attract private investment.
Kudlow Pushes Back on Recession, Says U.S.-China Calls Positive

Kudlow Pushes Back on Recession, Says U.S.-China Calls Positive

Larry Kudlow pushed back Sunday on the notion that the U.S. economy is headed toward a recession, and said recent phone calls between U.S. and Chinese trade negotiators had produced more “positive
Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits

Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits

A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs were hitting their bottom line.
South Africa’s Kganyago Sues After SARB Battle Gets Personal

South Africa’s Kganyago Sues After SARB Battle Gets Personal

Less than a week since he vowed to go to war to protect the independence of the South African Reserve Bank, Governor Lesetja Kganyago has approached the courts to protect his name after a racial slur
Back to 2008 in Zimbabwe as Currency That Wrecked Lives Returns

Back to 2008 in Zimbabwe as Currency That Wrecked Lives Returns

For Zimbabwe’s government, the reintroduction of the national currency a decade after its demise is a return to “normalcy.”
Labour Won’t Fight New U.K. Leader's BOE Successor to Carney

Labour Won’t Fight New U.K. Leader's BOE Successor to Carney

Whoever replaces Bank of England Governor Mark Carney can probably rest assured they’ll keep their job even if a Labour government takes office.
Trump’s White House Approaches Bullard on Fed Governor’s Job

Trump’s White House Approaches Bullard on Fed Governor’s Job

Federal Reserve Bank of St. Louis President James Bullard said President Donald Trump’s White House has had “exploratory discussions’’ with him about taking a job as a Federal Reserve governor, adding
On Cue, Wall Street Challenges Bernie Sanders's Trading Tax Plan

On Cue, Wall Street Challenges Bernie Sanders's Trading Tax Plan

Bernie Sanders wants Wall Street to pay off America’s student debt. Wall Street, predictably, says that’s a bad idea.
Bernie Sanders Proposes Taxing Wall Street to Pay Student Debts

Bernie Sanders Proposes Taxing Wall Street to Pay Student Debts

Democratic presidential hopeful Bernie Sanders is proposing canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.
Australia Is Finally Debating QE, Even If Its Central Bank Isn't

Australia Is Finally Debating QE, Even If Its Central Bank Isn't

The prospect of interest rates going below 1% has prompted Australia’s economists to start exploring what much of the developed world has already contended with: the introduction of unconventional

South African President Affirms Central Bank's Current Mandate

South African President Cyril Ramaphosa affirmed the central bank’s mandate, saying the institution must pursue it independently and without fear, favor or prejudice.
Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly