đź”’ Humbled central bankers scale back their ambitions
Once seen as the world’s go-to Âeconomic crisis fighters, central bankers are now desperately trying to contain a problem they allowed to happen: inflation.
Once seen as the world’s go-to Âeconomic crisis fighters, central bankers are now desperately trying to contain a problem they allowed to happen: inflation.
The European Central Bank doubled its key interest rate to the highest level in more than a decade just as the likelihood of a recession mounts.
The world will soon get the opportunity to see that side of Christine Lagarde, but for the moment, bond traders seem to have tagged her as a push-over.
South Africa should “never be complacent” about protecting key institutions, International Monetary Fund Managing Director Christine Lagarde said.
Not even the avalanche risks have put a halt to the team’s excitement, who’ll be bringing you the best of what Davos has to offer in 2018. This is Alec Hogg’s Davos Diary Day One.
Shortly after his return from the 16th annual World Economic Forum in Davos, Alec Hogg shared some thought-provoking take-outs during a breakfast for BrightRock’s Laureate advisers.
Troubles in Brazil and Russia have killed the concept of Brics – with Taiwan and South Korea replacing them as global economic drivers. Once again, no mention of SA in the new Ticks anagram.
A financial crisis in emerging economies is less likely than the scary headlines and global market turmoil suggest, reports Bloomberg View.
The annual Swiss Alps adventure kicks off next week, where the 2016 meeting of the World Economic Forum in Davos promises to be more absorbing than ever.
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