Central banks at bay: A looming currency war?

Time was when members of the blue-ribbon committee of central banks sat in wood-panelled meeting rooms and decided monetary policy framework on quarterly basis. Basking in independence from political pressure, the grey eminence of the financial world took into account the rate of economic growth, employment figures, wages, price levels,...

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How to keep central banks independent

The global financial crisis that erupted in 2008 transformed the role of central bankers and the scale and scope of their policy toolkit. Today, financial stability is once again at the core of central banks' missions, and interest rates in a number of rich countries are likely to remain at...

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Modi's India and Trump-led Ultra-nationalist Reactionary International

US Secretary of State Mike Pompeo arrived in New Delhi on June 25 on a three-day visit. While he was there, he publicly declared that the Indo-US "strategic global partnership'' is reaching "new heights". He further added his visit would boost "incredibly important ties'' with India. His public declaration clearly...

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