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...The ECB has also got a staff revolt on its hands over the bank’s “disrespectful” approach to climate change....
...By this measure, the Bank of Japan’s return to positive interest rates was a triumph — with high rates elsewhere, and governor Kazuo Ueda taking a year to reach this well-flagged decision, his 0.1 percentage...
...Grab your popcorn, the European Central Bank’s gone studs-up on the Securities & Exchange Commission....
...Chart of the day Slowing inflation is piling pressure on central banks to cut interest rates, with some policymakers warning that acting too slowly could harm already weak economies....
...In the run-up to Vladimir Putin’s full-scale attack on Ukraine, the US government’s decision to publicise its intelligence on Russian plans turned out to be a strategic triumph....
...I have long argued the same for European banks, some of whose price-to-book ratios have also flirted around one over the years. In theory, you could sell their assets and make a profit....
...So it was with a degree of triumph that the Bank of Japan announced its first rate increase in 17 years, stating this in the monetary policy report (with our emphasis): At the Monetary Policy Meeting held...
...Other readables The performance of the US economy has been a triumph, writes Martin Wolf, so why is President Joe Biden not benefiting from it politically?...
...In the midst of the melodrama, the rest of Pulp — Nick Banks (drums), Candida Doyle (keyboards) and Mark Webber (guitar) from the peak-period line-up plus three newer members — remained a study in unfussy...
...That said, each of the four major western central banks have their own specific challenges to address. Bank of Japan The Bank of Japan is different in two respects....
...On occasion, her vowels are compromised, her vibrato intrusive, yet she remains a supreme artist, as much through sheer triumph of spirit as through musicianship....
...Instead, there came a hint of triumph, with the central bank noting that risks to full employment and low inflation were now “moving into better balance”....
...Ashoka Mody, a former World Bank and IMF official and visiting professor at Princeton, has published a sweeping post-independence economic history, India is Broken, whose title telegraphs its thesis....
...Wise’s decision to list in London in 2021 was hailed as a triumph for the UK market, which has long struggled to compete with New York as a destination for fast-growing tech companies....
...As Gavin Kelly explains in an FT op-ed, “this is what a policy triumph looks like”....
...In a recent speech lauding the country’s Rugby World Cup triumph, president Cyril Ramaphosa was forced to acknowledge that rolling blackouts are punishing South Africa’s economy....
...This highlights the Federal Reserve’s current problem, where inflation has fallen markedly, yet (much like for other central banks) remains well above its 2 per cent target....
...Mexicans living in the US sent home a staggering $63.2bn in remittances last year and President Andrés Manuel López Obrador hailed the news as a triumph....
...At first he triumphs. Finally, he fails and is disgraced, coming to grasp afterwards that money is a false god. There have been many such tales over the years and publishers are eager for them....
...They believe as much in the illiberal “end of history” as liberals once did in their final triumph after the fall of the Berlin Wall in 1989....
...The west won the cold war and that was meant to mark the triumph of liberal democracy. But geopolitical conflict and tensions are back — from Ukraine to Taiwan and now Israel....
...Instead of burning down the central bank, Caputo appointed a former investment bank colleague....
...Painting himself as more shadow than self, absent rather than present, Marshall announced “the lack in the image bank” of Black figures in the canon, and his determination to join the modernist lineage....
...That extravagance came to an abrupt stop last year, seemingly in lockstep with the beginning of the US Federal Reserve bank’s most aggressive streak of rate rises in decades....
...Even Erdoğan, who has dominated Turkish politics for two decades, must realise that he has no time to bask in his triumph if his nation is to avoid plunging deeper into economic crisis....
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