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US Federal Reserve chairman Jerome Powell with ECB president Christine Lagarde on stage at the ECB Forum in Portugal.

Last mile in the fight against inflation could be a painful slog

Central banks made it clear at a forum in Portugal this week that they are prepared to raise interest rates again, and keep them there as long for as it takes.

  • Stephen Bartholomeusz

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ASX sheds $60 billion in two days as central banks crank up rates

The Australian sharemarket fell for the third consecutive day on Friday after the Bank of England raised interest rates to a 15-year-high.

  • Millie Muroi
Conservative MP Lucy Allan.

Britain heading for ‘mortgage catastrophe’, UK MP warns

Tory MP Lucy Allan said on her website that she did not believe high mortgages were a price worth paying to bring inflation down.

  • Daniel Martin
The Bank of England has raised UK interest rates.

UK central bank lifts interest rates to 4.25% despite banking turmoil

Policymakers said they were expecting the pace of price rises to slow “significantly” in the coming months despite February’s surprise increase in inflation.

  • Rob Harris
Canadian central banker Carolyn Wilkins, ANU economics professor Renee Fry-McKibbin and former senior Treasury official Gordon de Brouwer.

Mood for change: Reserve Bank review panel speaks publicly for first time

The panel overseeing the RBA’s first independent review in 40 years may hand the government two sets of recommendations to overhaul the central bank.

  • Shane Wright
The workshop of the world will again be exporting cheap goods to Western countries within months.

A wave of Chinese deflation threatens to come our way

All circumstances are aligned for another long wave of cheap imports from China and East Asia.

  • Ambrose Evans-Pritchard
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Dark days lie ahead for the UK economy, says the Bank of England.

‘Tough road ahead’: Britain already in recession that could last two years, warns Bank of England

The world’s leading economies continue to face steep challenges, with countries accounting for about one-third of global gross domestic product poised to contract this year or next.

  • Rob Harris
Reserve Bank governor Phil Lowe.

How high will interest rates go? We may be about to find out

With the RBA and US Fed meeting this week, we are set to get an insight into just how high interest rates could go and when they may start to fall.

  • Stephen Bartholomeusz
Britain’s Prime Minister Liz Truss after the sacking of former Chancellor of the Exchequer Kwasi Kwarteng,

The one key lesson from the UK government’s humiliation

The embarrassing backflip the Truss government has been forced into proves that in the battle between a central bank and politicians in today’s volatile environment, there will only be one winner.

  • Stephen Bartholomeusz
US President Joe Biden has criticised UK PM Liz Truss.

Joe Biden takes swipe at Truss policy as Bank of England warns of rate rises

Prime Minister Liz Truss is battling to keep her job after shredding her economic growth plan.

  • Rob Harris

Original URL: https://www.smh.com.au/topic/bank-of-england-1mz9