Economics
Norway’s headline inflation increases to 5.4%
Analysts say 50bp rate hike becoming more likely
BIS paper says people should have more power over their data
Authors propose “consent-based architecture” to let consumers control how data is used
BIS economists see ‘limited’ evidence of wage-price spiral
But institutional shifts and changing expectations could set stage for greater price increases
BIS figures show banks cutting Russia exposures
Exposures down almost half since Russia annexed Crimea in 2014
Sudden carbon price rise risks major financial shocks – ECB paper
Model looks at impact on eurozone banks of different decarbonisation measures
Lagarde sees risks in ‘new global map of economic relations’
ECB president says fragmentation through “friend-shoring” and regionalisation is rising
Climate change, invasion, recession: policy-makers flag mounting risks
Christine Lagarde and Jerome Powell discuss “ripple effects” of war in Ukraine, while the Barbadian prime minister highlights need for reform at global institutions
Nabiullina admits sanctions taking toll on Russian economy
Central bank preparing legal action in bid to unfreeze $300 billion of foreign exchange reserves
Climate transition set to boost inflation, finds Swedish research
Sveriges Riksbank analyses main inflationary forces stemming from climate policies
IMF raises red flags for global growth
Fund warns of global fragmentation as it cuts growth forecast and predicts higher inflation
UK inflation climbs to 7%
Rapid rise in fuel prices pushes inflation to new 30-year high
Surging US inflation tempered by small drop in expectations
Expectations fall over medium term but rise in short term
IMF paper calls for action on long-term Covid risks
Vaccination drive is falling short and is not enough on its own, authors say
Book notes: Cogs and monsters, by Diane Coyle
Coyle brings much-needed nuance to the debate over the shortcomings of economics
Economics Benchmarks 2021 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge speaks with Chris Jeffery about governance, modelling, forecasts and research
US’s Rouse optimistic on inflation outlook
Chief economic adviser says food production can do more to raise supply than in energy industry
IMF says Ukraine invasion likely to cut global growth
Higher commodity and food prices will impact Sub-Saharan Africa, Latin America and Central Asia
US inflation continues ascent
CPI inflation reached new high of 7.9% in February
‘Financial concerns’ impact consumption – BoE paper
Households with financial worries have a higher marginal propensity to consume, survey shows
SNB profits rise to $28.5 billion
Central bank reaffirms pledge to halt appreciation of the franc
Economists warn Latin America faces another lost decade
Continent is “halfway to a lost decade already”, says World Bank’s Carmen Reinhart
IMF and Argentina reach preliminary agreement on new programme
Argentina must implement new monetary policy framework as part of $45 billion aid package
Eurozone inflation reaches new record high of 5.8%
Energy inflation remains main factor boosting prices, at 31.7% in February
IMF and World Bank pledge Ukraine aid
Fund considering emergency loan and World Bank assembling $3 billion package