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Money › Finance

Nigerian inflation hits 17-year high

Financial Times | Sep 15, 2022 at 4:26 PM

…Nigeria’s central bank has increased interest rates by 250 basis points to 14 per cent since May….

Putin calls for switch to national payments platforms in trade with China, Mongolia

TASS Russian News Agency | Sep 15, 2022 at 4:13 PM

Russia’s President Vladimir Putin has called for a switch to national payments platforms in trade with China and Mongolia wherever possible.

Auditor resigns from Sanjeev Gupta’s UK steel businesses

Financial Times | Sep 15, 2022 at 3:43 PM

…Liberty Steel in June agreed a standstill agreement with Germany’s Greensill Bank AG on debt facilities relating to its European steel operations….

Russia’s international reserves down by $4.5 bln to $557.4 bln over week – Central Bank

TASS Russian News Agency | Sep 15, 2022 at 3:27 PM

Russia’s international reserves dropped by $4.5 bln or by 0.8% over the week and amounted to $557.4 bln as of September 9, 2022, the Central Bank said on Thursday.

The mini-Budget is taking great risks with the public finances

Financial Times | Sep 15, 2022 at 2:30 PM

…And finally, he is set to establish a new government target of 2.5 per cent economic growth every year, supplementing the Bank of England’s 2 per cent inflation target….

Public confidence in Bank of England’s inflation stance at record low

Financial Times | Sep 15, 2022 at 2:29 PM

…The bank could “use looser fiscal policy as a reason to continue raising rates aggressively”, he added….

Smarter machines risk creating dumber humans

Financial Times | Sep 15, 2022 at 2:13 PM

…in different contexts and handle multiple tasks. For example, Hungary’s OTP bank is working with the government and SambaNova to deploy AI-powered services…

The rollercoaster ahead for the economy and investors

Financial Times | Sep 15, 2022 at 1:21 PM

…August Jackson Hole speech of Fed chair Jay Powell, the US central bank ’s officials have been unusually consistent in stating their unconditional commitment to…

Why US shale won’t come to Europe’s rescue

Financial Times | Sep 15, 2022 at 1:00 PM

…for you Moral Money — Our unmissable newsletter on socially responsible business, sustainable finance and more. Sign up here The Climate Graphic: Explained — Understanding the most…

Economics lessons from the Ukraine war: expectations matter

Financial Times | Sep 15, 2022 at 11:45 AM

…Gillian Tett recently pointed out, Shiller’s insights also apply to central bank ing. The debate on inflation boils down to whether people will start expecting…

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