Wednesday, 5 October, 2022
TopicBank of England

Topic: Bank of England

Highest rate hike by Bank of England since 1995, country warned of long recession ahead

England’s consumer inflation hit a 40-year high of 9.4% in June, over 4 times the Bank’s 2% target. Putin’s weaponisation of gas supplies will drive inflation even higher, some feared.

Funding for Lending: RBI could now turn to Bank of England for ideas to revive growth

RBI has so far taken a leaf each from the US Fed & ECB’s books to manage bond yields using unconventional tools, as inflation keeps it from cutting rates.

Climate change threatening global financial stability is a wake-up call for central banks

From disruption to supply routes due to higher temperatures to rising sea levels, drought & land degradation increasing migration, extreme weather is causing economic shocks.

The importance of being George Soros – billionaire with own foreign policy

As the world scrambles to regulate George Soros, the Hugarian-American investor continues to cheat the system to fund philanthropic projects.

Raghuram Rajan in race to become next Bank of England Governor

Rajan is the only outsider among the top contenders in the running to replace Mark Carney, the present Governor of Bank of England.

Two gods of central banking will bequeath future to mere mortals

Mario Draghi and Mark Carney know how to make an entrance, and leave pretty big shoes to fill in when they exit their European banking offices.

On Camera

YourTurn

The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Defence

IAF chief Air Chief Marshal V. R. Chaudhari with Defence Minister Rajnath Singh | Twitter/ @IAF_MCC

Need organisation structure best suited to Indian conditions, IAF on theatre commands

The IAF chief said the model of integration that India adopts must be future-ready, must reduce levels of decision-making, and capitalise on the strength of all three services.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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