The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
Tag: Economic Conditions and Trends
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.
Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
Alistair Darling, Guiding Hand in Britain’s Financial Crisis, Dies at 70
As the government’s chief financial cabinet member, he helped stave off a broader economic collapse amid the global turmoil set off in 2008
Germany to Override Debt Limit to Resolve Budget Crisis
Chancellor Olaf Scholz pledged financial support for economic modernization and Ukraine, but will need backing for new borrowing to fill a spending gap.
Argentina’s Economy Depends on the U.S. Dollar. Can Javier Milei Change That?
Years of economic quagmire created an upside-down economy in Argentina. Javier Milei, a far-right populist, won the presidency this week by promising to blow it all up.
Javier Milei’s Presidential Win Is Argentina’s Donald Trump Moment
Javier Milei has said that society is better without government. Now he is about to run Argentina’s.
Argentina Elects Javier Milei in Victory for Far Right
Argentina’s next president is a libertarian economist whose brash style and embrace of conspiracy theories has parallels with those of Donald J. Trump.
Javier Milei vs. Sergio Massa in Argentina’s Election
On Sunday, voters will choose whether to elect a far-right libertarian, Javier Milei, or the center-left economy minister, Sergio Massa.