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Central banks

  • Friday, 3 January, 2025
    People's Bank of China
    China’s central bank plans policy overhaul as pressure mounts on economy

    People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit

    2 hours ago
    Exterior of the People’s Bank of China headquarters in Beijing
  • Tuesday, 31 December, 2024
    Chris Giles on Central Banks
    Rising concerns about economic prospects for 2025 Premium content

    The year no longer appears likely to bring leading economies into a steady state

    A digital illustration of a rainbow in a pot of gold
  • Friday, 27 December, 2024
    ObituaryHelmut Schlesinger
    Helmut Schlesinger, former Bundesbank president, 1924-2024

    Architect of tight controls on German money supply had four-decade career in central banking

    Helmut Schlesinger
  • Thursday, 26 December, 2024
    Turkish economy
    Turkey cuts rates for first time in 22 months with jumbo reduction

    Central bank slashes borrowing costs by 250bp as consumer demand slows

    A man counts 100 Turkish lira banknotes
  • Monday, 23 December, 2024
    Markets InsightMohamed El-Erian
    Fed’s flip-flops risk undermining US exceptionalism

    The central bank’s highly reactive policy approach of recent years amplifies financial volatility

    Jay Powell speaks at a press conference
  • Friday, 20 December, 2024
    The FT View
    The global inflation battle is stalling and diverging

    Trump’s agenda and domestic uncertainty shroud the rate-cutting cycle

    Federal Reserve Board Chairman Jerome Powell
  • Friday, 20 December, 2024
    Climate change
    Central banking’s Song of Fire and Flood

    Why central banks are right to care about the green stuff

  • Thursday, 19 December, 2024
    Global inflation
    Renewed inflation fears stalk central bankers as markets shudder

    Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth

    A television station broadcasts Jay Powell, chair of the US Federal Reserve, on the floor of the New York Stock Exchange
  • Thursday, 19 December, 2024
    Bank of Japan
    Yen sinks after BoJ holds rates amid caution over Trump’s impact

    Japan’s central bank governor says ‘one more notch’ of information needed to justify raising rates

    Kazuo Ueda speaking at a press conference
  • Thursday, 19 December, 2024
    Markets InsightRichard Barwell
    A new year’s resolution for central bankers

    Policymakers should commit to publishing estimates of the ‘neutral’ level of interest rates

    Federal Reserve building in Washington
  • Thursday, 19 December, 2024
    FT News Briefing podcast10 min listen
    What 2024 taught central bankers

    Tough lessons learnt this year will define future strategy for central banks

  • Wednesday, 18 December, 2024
    Brazilian economy
    Brazil currency sell-off piles fiscal reform pressure on Lula

    Investors issue warning after central bank burns through billions of dollars and lifts rates in attempt to prop up real

    Pedestrians walk past a WesternUnion Co. currency exchange shop on Paulista Avenue in Sao Paulo
  • Wednesday, 18 December, 2024
    Global Economy
    Inflation and interest rates tracker: see how your country compares

    Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you

  • Monday, 16 December, 2024
    Eurozone interest rates
    ECB’s Lagarde says ‘darkest days’ of high inflation are behind Eurozone

    Central bank president signals borrowing costs are likely to fall further next year

    Christine Lagarde smiling during a speech at a European Central Bank podium
  • Sunday, 15 December, 2024
    Martin Sandbu
    The ECB cannot pretend any technocratic purity

    Central banks must rise to the geopolitical challenges of the day

    A euro sign is seen at the visitors centre of the European Central Bank in Frankfurt
  • Thursday, 12 December, 2024
    Eurozone interest rates
    ECB lowers rates to 3% and paves way for more cuts

    Growth forecasts pared back as bank’s president Christine Lagarde says some decision makers wanted larger reduction

    Line chart showing ECB deposit rate since July 2022
  • Thursday, 12 December, 2024
    Free LunchMartin Sandbu
    It’s high time to make Russia pay Premium content

    G7’s $50bn loan is no substitute for transferring blocked foreign exchange reserves to Ukraine

    A Russian flag flutters next to one of the Kremlin towers in downtown Moscow
  • Wednesday, 11 December, 2024
    Bank of Canada
    Bank of Canada warns Trump’s tariffs will ‘dramatically’ hit growth

    Central bank has slashed borrowing costs five times this year in an effort to combat unemployment and boost growth

    Exterior of the Bank of Canada building in Ottawa
  • Tuesday, 10 December, 2024
    Chris Giles on Central Banks
    Can robots replace humans in monetary policy? Premium content

    No, but machines are making some serious progress

    A cleaning robot beside a euro currency symbol in the atrium of the European Central Bank in Frankfurt, Germany
  • Monday, 9 December, 2024
    Reserve Bank of India
    India replaces ‘hawkish’ central banker Shaktikanta Das

    Incoming Reserve Bank of India governor Sanjay Malhotra seen as more likely to cut rates despite rising inflation

    Shaktikanta Das
  • Monday, 9 December, 2024
    US quantitative easing
    Even slower for even longer

    QT content

  • Wednesday, 4 December, 2024
    Federal Reserve
    Powell ‘not concerned’ over risks Trump will stifle Fed independence

    US central bank chief says his institution has ‘broad support’ on Capitol Hill

    Jay Powell, chairman of the US Federal Reserve, right, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York
  • Tuesday, 3 December, 2024
    Chris Giles on Central Banks
    Europe lacks a monetary response to Trump Premium content

    Uncertain inflationary effects leave the ECB hoping for the best

    Montage of ECB president Christine Lagarde and a euro symbol
  • Monday, 2 December, 2024
    European Central Bank
    ECB to abandon crisis-era strategy as inflation falls

    Chief economist Philip Lane says focus on latest economic data will ebb

    Philip Lane is gesturing with his hands while speaking at a conference
  • Friday, 29 November, 2024
    The Long ViewJohn Plender
    Stand by for financial instability

    The combination of huge public debt issuance and Trump’s notorious unpredictability is a toxic mix for markets

    A trader wearing a Trump hat works on the floor of the New York Stock Exchange
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