Central banking

‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries

Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…

UK inflation rate surprises again with March figure holding above 10%

U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The…

Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation

European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but…

UK economy flat in February as strikes and inflation bite — and the IMF delivers reality check

LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on…

Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues

Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in…

It’s the U.S., not Europe’s banking system that’s a concern, top economists say

Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in…

‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says

The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” and…

‘Be very vigilant’: Bank of England chief says the market is testing banks to identify weakness

LONDON — Bank of England Governor Andrew Bailey on Tuesday vowed to be “very vigilant” amid ongoing volatility and suggested…

‘The first bank crisis of the Twitter generation’: The pressure on banks is very different from 2008

LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of…

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

Deutsche Bank shares slid Friday while the cost of insuring against its default spiked, as the German lender was engulfed…