-
18 Aug 22
Ghana’s central bank has hiked interest rates by the largest jump in 20 years barely one month after the International Monetary Fund said the country needs to “ensure credibility” in its monetary...
-
17 Aug 22
Joe Biden has hailed his flagship Inflation Reduction Act as a historic victory for the environment, US families and the country’s public finances.
-
12 Aug 22
The Central Bank of Argentina has implemented another sharp interest rate hike, to help reduce inflation that is rising at its fastest rate in decades.
-
2 Aug 22
The dual impacts of Covid-19 and the war in Ukraine will leave public finances more exposed and could negatively impact future credit outlooks, a ratings agency has said.
-
28 Jul 22
The US Federal Reserve has said interest rates could go up more slowly from now on, having just approved two 0.75 percentage point hikes in as many meetings in response to rampant inflation.
-
27 Jul 22
The International Monetary Fund has warned that further economic disruption linked to the war in Ukraine or future waves of Covid-19 could push the world economy into recession as it published its...
-
26 Jul 22
The Russian central bank has slashed interest rates by 1.5 percentage points because subdued customer demand has led to reduced inflation.
-
26 Jul 22
The global construction industry is bowing under the weight of rising material costs and supply issues – the result of multiple factors all hitting at once – and public sector projects are...
-
22 Jul 22
The European Central Bank has ended eight years of negative interest rates, increasing its deposit rate for the first time since 2011 in response to high inflation.
-
21 Jul 22
The Australian government has launched a review to probe the mandate and objectives of the Reserve Bank of Australia following recent criticisms.
-
19 Jul 22
A senior International Monetary Fund official has warned it could be economically unwise to cut taxes, amid calls by many of the prospective new prime ministers to do so.
-
15 Jul 22
A US Federal Reserve governor has stated his support for raising interest rates by 0.75 percentage points later this month, but did not rule out pushing for an even larger increase.
-
1 Jul 22
Fitch has dimmed its view of government credit conditions amid Russia’s ongoing invasion of Ukraine and the resulting international sanctions.
-
1 Jul 22
Australia’s wealthy and resilient economy will continue to grow as the nation recovers from Covid-19, which ratings agency Moody’s has said is the key factor behind the country’s Aaa rating.
-
1 Jul 22
Colombian public finances are still not in the clear despite rising tax revenue and strong economic growth, the country’s fiscal rule committee has warned.
-
28 Jun 22
French finance minister Bruno Le Maire has said the government’s finances have reached “alert level” amid a debate over how much he can do to shield people from the rising cost of living.
-
27 Jun 22
Pakistan’s prime minister has said a new “super tax” levied on big industries and a “poverty alleviation tax” on the country’s richest residents will cut the deficit and help fund measures aimed at...
-
21 Jun 22
Singapore’s finance minister has unveiled a package of support for low-income households, vulnerable people and companies to help them deal with spiralling inflation.
-
16 Jun 22
The US Federal Reserve is set to hike lending rates by 0.75 percentage points to help tame runaway inflation, the largest single increase since the 1990s.
-
13 Jun 22
Governments experiencing debt crises are set to spend less in 2023 than they did in 2019, despite the need to support their citizens in the face of surging food and fuel prices, figures have shown.
-
10 Jun 22
Rising interest rates aimed at combating runaway global inflation are putting some governments, including in middle-income countries, at risk of debt distress, the World Bank has warned.
-
8 Jun 22
The Reserve Bank of Australia has announced its highest interest rate rise in more than two decades in an attempt to rein in rampant inflation.
-
7 Jun 22
The new Pakistani government has been warned it will likely hit roadblocks when enacting reforms linked to concessional finance because rising prices will complicate its revenue-raising efforts.
-
27 May 22
The Hungarian government is set to introduce a windfall tax on banks, energy firms and telecommunications companies to help fund its response to Russia’s invasion of Ukraine.
-
26 May 22
Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.