
A quarter of central banks have insufficient financial stability powers
Some respondent institutions need new powers urgently

Some respondent institutions need new powers urgently
Turkey’s central bank announced another interest rate cut on Thursday, reducing its key rate to 13% from 14%.
A closer look at inflation in the eurozone and Switzerland
Expert panel will meet at least twice a year; move follows “embarrassing” forecasting issues
Inflation is “considerably higher” than projected by the central , and well above its 2% target

The BSP revises upwards average inflation for 2022 to 5.4% from 5%
Country in renewed IMF talks as inflation spirals and currency falters
Rogoff describes move as “nuts”, as official inflation neared 80% in July
…For example, the 69 per cent total dependency ratio of Japan in 2020, the highest of any developed economy, was only slightly higher than the 66 per cent ratio of the US in 1960, according to World Bank …
…Europe’s top leagues are struggling to keep up, according to Deloitte’s annual football finance report released on Thursday….