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Tag: central banks

Home central banks
SPOTLIGHT: INFLATION
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SPOTLIGHT: INFLATION

Europe’s banks should set aside greater reserves to cover bad loans, regulators should require investment funds to hold more cash to cover a surge in withdrawals, and the European Central Bank (ECB) should not delay in beginning to sell its €5-trillion bond hoard next year, bank vice-president Luis de Guindos said in a statement accompanying the ECB’s semi-annual review of the region’s financial stability.

2023 WILL FEEL LIKE A RECESSION EVEN WITHOUT ONE, IMF CHIEF SAYS
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2023 WILL FEEL LIKE A RECESSION EVEN WITHOUT ONE, IMF CHIEF SAYS

Even if the global economy somehow manages to avoid a recession, in 2023 millions of people around the world will suffer as if a recession has taken place, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said in a 21 September Bloomberg interview. “Increased interest rates will bite and we will see the...