Podcasts about monetary policy committee

Funny how Bond markets seem to look past most of what RBA Governor Michelle Bullock said in her post Monetary Policy Committee meeting yesterday, but remember they are gamblers. As was expected, the RBA cut the cash rate by 25 basis points to 3.85 per cent in its second reduction this year, but revelations during … Continue reading "Expect The Unexpected As Uncertainty Spirals…"

The Monetary Policy Committee decided on Thursday to cut policy rates by 225 basis points to 25% and 26% for overnight deposit and overnight lending rates respectively. The government is planning to replace many of the various fees charged by different entities with a single unified additional tax on net income, which aims to streamline the tax system and reduce the administrative burden on businesses. Saudi-owned agribusiness and Alkhorayef Group subsidiary Rakhaa for Agricultural Investment and Development is planning to list 30% of its shares on the EGX in a secondary offering in 2H 2025, Alkhorayef's Managing Director Abdullah Alkhorayef said.Chevron's Red Sea exit is now official, with statements from the US energy giant and the Oil Ministry confirming that it has withdrawn from its 45% stake in Red Sea Block 1, citing the lack of energy finds. The African Development Bank (AfDB) plans to funnel USD300 mn into Egypt's private sector this year, Planning and International Cooperation Minister Rania Al Mashat said.More than 115 companies in the pharmaceutical and building materials sectors have submitted applications to the Industrial Development Authority to obtain financing totaling more than EGP8.5 billion, as part of the first phase of the initiative to finance priority industrial sectors at a 15% interest rate, according to officials from the Federation of Egyptian Industries.An official at the Ministry of Agriculture said that Egypt will not need to import sugar starting next year, after local production reached record-highs.COMI announced that it will cut interest rates on its savings accounts and its certificates of deposits (CDs) by 225 bps, starting today. MASR AGM approved the distribution of cash dividends of EGP0.25/share (DY of 5.5%) to be distributed over two installments in May and October 2025.EGCH resumes operations at its ferrosilicon plant in Aswan, following a five-year hiatus. 

This is the Catchup on 3 Things by The Indian Express and I'm Ichha Sharma.Today is the 11th of April and here are this week's headlines.The US officially enforced a sweeping 104% tariff on all Chinese imports starting Wednesday, escalating its trade confrontation with Beijing. This move follows President Trump's ultimatum to China to withdraw its retaliatory 34% tariffs. China hit back sharply at Washington's escalating trade war rhetoric, saying it does not seek conflict but won't tolerate bullying either. US further escalated the situation with its decision to raise tariffs on Chinese goods to 125% while pausing tariffs for other nations. Responding to this, Foreign Ministry spokesperson Lin Jian said at a press briefing, “This cause will not win popular support and will end in failure.” Lin emphasized that Beijing will defend its people's rights, signaling that retaliatory action may still be on the table. Meanwhile, Asian markets surged on news of the 90-day tariff pause for other countries, with Japan's Nikkei 225 soaring 8%, South Korea's Kospi rising over 5%, and Australia's ASX 200 up 5% in early trading.In a landmark ruling, the Supreme Court declared Tamil Nadu Governor R N Ravi's decision to reserve 10 re-passed Bills for Presidential consideration as illegal. The court held that the Governor showed scant respect for judicial precedent and unduly delayed action. Using Article 142, the bench declared that the 10 Bills are deemed to have received assent, overriding the governor's withholding. This rare step sends a strong message about constitutional propriety and reinforces legislative autonomy amid growing tensions between elected governments and appointed constitutional heads.The Reserve Bank of India has slashed the repo rate by 25 basis points to 6% in its latest monetary policy review. This signals lower interest rates on home, personal, and auto loans soon. The Monetary Policy Committee also shifted its stance from "neutral" to "accommodative," hinting at more rate cuts ahead. GDP growth for 2025–26 has been revised down to 6.5% from 6.7%, while retail inflation is projected at 4%. Lower rates aim to boost borrowing and spending amid slowing economic momentum.Russia has formally invited Prime Minister Narendra Modi to attend its Victory Day Parade on May 9, commemorating 80 years since the end of World War II. Deputy Foreign Minister Andrey Rudenko confirmed that the invitation has been sent, and the visit is under discussion. The gesture comes after Moscow confirmed President Putin's scheduled visit to India later this year. Russia has extended invitations to several “friendly nations,” reinforcing diplomatic ties amid ongoing geopolitical tensions. Modi's participation would signify India's balancing act in global power dynamics.A deadly Israeli airstrike hit a residential building in northern Gaza's Shijaiyah neighborhood on Wednesday, killing at least 23 people, including eight women and eight children, according to officials at Al-Ahly Hospital. The Gaza Health Ministry confirmed the toll and said rescue teams were still searching through rubble for survivors. Nearby buildings were also damaged, according to Gaza's civil defense, which operates under the Hamas-run government. The strike is the latest in a wave of intensifying attacks, as the humanitarian crisis worsens in the besieged Palestinian enclave with no signs of a ceasefire in sight.This was the CatchUp on 3 Things by The Indian Express.

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 9th of April and here are today's headlines.The Reserve Bank of India has slashed the repo rate by 25 basis points to 6% in its latest monetary policy review. This signals lower interest rates on home, personal, and auto loans soon. The Monetary Policy Committee also shifted its stance from "neutral" to "accommodative," hinting at more rate cuts ahead. GDP growth for 2025–26 has been revised down to 6.5% from 6.7%, while retail inflation is projected at 4%. Lower rates aim to boost borrowing and spending amid slowing economic momentum.India has revoked a key transshipment facility that allowed Bangladesh to move export cargo through Indian territory to Bhutan, Nepal, and Myanmar. The decision, announced by the Central Board of Indirect Taxes and Customs, follows Bangladesh's growing economic ties with China in Northeast India. A June 2020 order enabling transshipment via Indian ports and land customs stations has been officially rescinded. The move is expected to strain Dhaka's regional trade logistics and could reflect India's strategic pushback against China's expanding influence in South Asia.India has cleared a high-value defense deal with France to purchase 26 Rafale Marine fighter jets for the Indian Navy. Estimated at over ₹63,000 crore, the deal includes 22 single-seat and 4 twin-seat variants, along with maintenance support, logistics, and training packages. This agreement strengthens naval aviation capabilities aboard aircraft carriers INS Vikrant and INS Vikramaditya. It also supports Make in India goals with offset obligations requiring domestic manufacturing components. The deal is expected to be formalized shortly, marking a major milestone in Indo-French strategic cooperation.Russia has formally invited Prime Minister Narendra Modi to attend its Victory Day Parade on May 9, commemorating 80 years since the end of World War II. Deputy Foreign Minister Andrey Rudenko confirmed that the invitation has been sent, and the visit is under discussion. The gesture comes after Moscow confirmed President Putin's scheduled visit to India later this year. Russia has extended invitations to several “friendly nations,” reinforcing diplomatic ties amid ongoing geopolitical tensions. Modi's participation would signify India's balancing act in global power dynamics.The US has officially enforced a sweeping 104% tariff on all Chinese imports starting April 9, escalating its trade confrontation with Beijing. The tariff includes existing levies and new duties under Section 301 of the Trade Act. This move follows President Trump's ultimatum to China to withdraw its retaliatory 34% tariffs. With Beijing refusing to back down, the White House has proceeded with the measure. The new tariff is expected to impact global trade flows, raise prices in the US, and further strain US-China economic relations.That's all for today. This was the CatchUp on 3 Things by The Indian Express.

Central banks play a crucial role in modern economies, managing money supply, setting interest rates, and ensuring financial stability. But their relationship with governments, particularly their role as financial agents of the state, creates potential risks that could threaten economic stability. Does the way central banks are structured and operate obscure the true fiscal health of the state, and pose risks for the wider economy? That's what Willem Buiter – former Chief Economist at Citigroup, former member of the Monetary Policy Committee of the Bank of England, among many other things – claims.  In conversation with Tim Phillips, he sets out six challenges that central banks may face in the future and explains what central bankers can do about them.  The discussion paper is here.

In this episode, Argus speaks with Jonathan Haskell, Professor of Economics at Imperial College London and a former member of the Bank of England's Monetary Policy Committee, about how US tariff policy and reciprocal actions by its trading partners will affect the global economy in 2025, and what that may mean for commodity prices.

Join Tumisho Grater, Multi-Manager Investment Analyst, in our new podcast episode to hear the latest market and economic updates. This week, the spotlight is on the South African Reserve Bank's Monetary Policy Committee meeting on 20 March. Will they cut rates or hold steady? Plus, more insights on domestic inflation and growth trends, potential risks to the inflation outlook, the impact of Eskom's electricity tariff hikes, President Trump's trade policies and an analysis of global market reactions and the US economy's potential recession signals. LinkedIn · YouTube

In this week's episode, Charlene Young and Danni Hewson look at what's happened since the Bank of England's Monetary Policy Committee cut the base rate to 4.5% last Thursday. Expectations for a cut were high so has the reaction from markets and mortgage lenders been unsurprising too? [01:30]  Danni gives the low down on the latest results from McDonald's and BP. Does activist investor Eliott taking a stake in BP mean there is a reset on the horizon for the struggling energy giant? [11:57]  Elon Musk is back in the news again. Donald Trump's right-hand man and head of DOGE has led a bid for OpenAI, the company he co-founded with current CEO Sam Altmann before their big fall out over the future of the ‘mission'. [17:46]  Charlene gives us a preview of an exciting new AJ Bell Money & Markets project.  Tom Sieber from Shares Magazine joins us to talk about defensive stocks. He explains what a defensive stock is, examines the traditional defensive sectors and reveals which metrics identify ‘defensiveness'. [23:17]  Dan Coatsworth interviews Guy Gittens, CEO of estate agent Foxtons to get his thoughts on where the property market could go next, the issues facing people who rent, and whether flaws in the Lifetime ISA are causing issues for prospective buyers in London. [28:46] 

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, February 10, 2025. This is Nelson John, let's get started. Air traffic is booming in India. Manufacturers are actively seeking deals at the Aero India exhibition, highlighting the country's potential. The International Air Transport Association (IATA) is set to hold its annual general meeting in June in New Delhi, a testament to India's growing market influence. According to Airbus India's Remi Maillard, “ India is now the third-largest air market globally, after the U.S. and China”. Boeing's Salil Gupte echoed this sentiment, calling India the most dynamic and exciting market. The civil aviation ministry claims a meteoric rise in the sector, with traffic growth projected over seven percent annually until 2043. Although rail travel remains popular, it's often slow and chaotic. Boeing estimates that converting just two percent of daily train users to air travel could double the air market, given the current low per capita air travel of 0.12 compared to 0.46 in China.Going by these statistics, the Indian market will need at least 2,835 new aircraft in the next 20 years, and all major players like Indigo, Airbus and Air India are gunning for the Next big leap in the airline sector.  Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, says founder and chief executive officer (CEO) Bhavish Aggarwal. To be sure, Ola Electric has faced considerable criticism due to widespread customer complaints about poor service centre experience. In September last year, Mint reported that Ola's service centre backlogs had risen to 80,000 customer complaints per month.Speaking to an analyst, Aggarwal claimed that the company had recaptured its market leadership in terms of volumes with 25,000 units sold in January.The company has consistently been under pressure, with Ola Electric's shares losing about 2% on Friday alone to settle at ₹70 apiece on the BSE—only 8% off its all-time low.  The company has suffered a quarterly net loss of ₹564 crore in the last quarter of 2024.Aggarwal, however, claimed that the company “maintained a steady industry leadership with a market share of over 25%.”  The recent deportation of 104 illegal migrants to India by the US government has sparked controversy in the Indian Parliament. In the midst of this debate, Prime Minister Narendra Modi is scheduled to visit the United States from February 12 to 13, where he will engage in discussions with President Donald Trump, as quoted by Indian Foreign Secretary Vikram Misri.Earlier, on January 27, President Trump and Prime Minister Modi held a conversation focused on immigration matters and the importance of India purchasing more American-made security equipment.The United States is India's largest trading partner, with two-way trade surpassing $118 billion in 2023/24, and India recording a trade surplus of $32 billion.As a strategic partner of the United States, India will aim to enhance trade relations, simplify access to skilled worker visas and review import tariffs on over 30 items, including luxury cars, and solar cells, potentially boosting imports from the US amid rising global trade tensions.4)The Reserve Bank of India's monetary policy committee (MPC) on Friday cut the key policy interest rate by 25 basis points to 6.25% to support growth. At a post-policy press conference, new RBI governor Sanjay Malhotra spoke on a range of issues such as implementation of the proposed guidelines on liquidity coverage ratio (LCR), working with the government on various recommendations, geopolitical developments, and the cost of policy actions on regulated entities. It is not only about stability, the implementation of LCR norms comes at a cost. It requires a strict impact analysis and enough time to be implemented. While the Rupee depreciation puts pressure on inflation, a higher worry is how global uncertainties would pan out. 5) Religare Enterprises Ltd chairperson Rashmi Saluja informed shareholders at the company's annual general meeting (AGM) on Friday that she was not retiring as a director, a move that stumped shareholders and proxy advisory firms. However, a third of Religare's investors told Mint that they had voted against Saluja's reappointment as director. Manendra Singh, partner at law firm Economic Laws Practice revealed that "Under the Companies Act, 2013, the chairman can regulate the manner in which voting is conducted, but cannot take away the voting rights of its members.” The Burman family, which owns a little over 25% of Religare, got approvals from all regulatory agencies and offered to buy up to 26% shares from minority investors via an open offer that opened on 27 January. Following the hearing on Gaekwad's appeal, the Supreme Court said the Burmans' open offer cannot be closed until the Sebi decides on the legality of Gaekwad's competing offer.

The Bank of England has cut interest rates for the third time since the inflation crisis, taking the base rate to 4.5 per cent. The Monetary Policy Committee voted by seven to two to further reduce rates by 0.25 percentage points – a move that was widely expected by markets, but had been put into doubt after government borrowing costs surged in January and President Donald Trump announced his plans for substantial tariffs last week. Why have the Bank of England decided to cut rates? Also today, Kemi Badenoch has announced some policy! Ahead of the Labour government's Border Security, Asylum and Immigration Bill being debated in Parliament next week, the Tory leader has unveiled her party's latest offering on immigration. But have they actually thought it through?  Oscar Edmondson speaks to James Heale and Kate Andrews.  Produced by Oscar Edmondson. 

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, January 29, 2025. This is Nelson John, let's get started. The Reserve Bank of India has announced a trio of measures aimed at injecting ₹1.5 trillion into the financial system, responding to increasing demands for liquidity from bankers and market participants. The RBI plans to purchase ₹60,000 crore in government securities through open market operations across three sessions, conduct a 56-day variable rate repo auction for ₹50,000 crore, and execute a dollar-rupee sell swap auction of $5 billion. These actions are intended to address a liquidity deficit that has persisted since mid-December 2024, which peaked at over ₹3 trillion. While the RBI's previous interventions have included secondary market operations and adjustments to the cash reserve ratio, these new measures are more comprehensive, offering both immediate relief and setting the stage for potential interest rate adjustments in the upcoming Monetary Policy Committee meeting in February 2025. However, despite these efforts, challenges such as persistent inflation and currency depreciation may influence the timing and nature of further rate cuts. Mint's banking editor Gopika Gopakumar explains RBI's recent measures. The Indian government is escalating its efforts to clear out older, more polluting vehicles by potentially implementing a ban on all vehicles meeting BS I emission standards. Even with valid fitness certificates, these vehicles could soon face mandatory scrapping unless owners take advantage of doubled incentives to upgrade to cleaner BS VI-compliant models. The Ministry of Road Transport and Highways is also deliberating over increasing incentives for BS II vehicles, primarily affecting medium and heavy vehicles, to encourage owners to voluntarily scrap these older models, Subhash Narayan reports. If these increased incentives do not prove effective, a ban on BS II vehicles may also be enacted. These stringent measures are part of India's broader strategy to tackle vehicular pollution and enhance road safety by removing outdated vehicles from the roads. With BS I vehicles introduced before 2005, this move could affect only a small fraction of the estimated 35-40 crore vehicles in India, yet it marks a significant step towards achieving cleaner air and reducing carbon emissions across the country. Despite growing momentum in the electric vehicle (EV) sector, the government may not grant 'infrastructure industry' status to the EV charging infrastructure sector in the upcoming budget. This status would allow stakeholders to secure credit at more favourable interest rates. However, insiders told Manas Pimpalkhare that this is unlikely as the sector already benefits from substantial support under the PM E-drive scheme, launched in October 2024, which dedicates ₹2,000 crore to establishing public charging stations over two years. Additionally, public sector oil marketing companies are significantly investing in EV charging, with plans to spend ₹20,000 crore on infrastructure expansion. This rapid development aligns with India's ambitious goal to have 30% of vehicles electric by 2030, addressing the crucial issue of range anxiety among potential EV buyers. The AI sector is witnessing rapid evolution, and DeepSeek AI, a Chinese startup, is notably challenging established norms with its cost-effective, open-source AI model. This model is shaking up traditional dependencies on expensive GPUs and massive data centers, proving that efficient AI can be developed more economically. DeepSeek utilized less expensive Nvidia H800 chips for its DeepSeek-V3 model, managing to slash development costs to under $6 million. This is in stark contrast to the billions reportedly spent by OpenAI for similar capabilities. The implications for India are significant, as DeepSeek's approach could be a game-changer for startups and research institutions that often operate under financial constraints. By adopting similar cost-effective methodologies, India could foster its own AI innovations without hefty investments, leading to sustainable developments in AI that cater to local and global standards. The shift from satellite to digital platforms has fundamentally changed film financing, making OTT partnerships essential before production begins. This shift comes as producers face heightened risks at the box office, prompting many to pause or shelve projects without secured streaming deals. Films lacking OTT partners often struggle post-theatrical release, highlighting the industry's increasing reliance on digital revenues amidst fluctuating box office returns. OTT platforms have become more cautious, backing out of deals when films underperform, leading to a more selective acquisition strategy. This caution is reflected in the changing dynamics of the OTT market, with fewer players willing to invest in high-budget Hindi films due to previous financial burns and slow subscription growth. Lata Jha writes about how two American companies - Netflix and Prime Video, are the ones calling the shots in Bollywood. 

Stephen Grootes speaks to Business Day Editor at Large Hilary Joffe about the IMF's call for greater transparency from the South African Reserve Bank, including more clarity on dissenting votes within the Monetary Policy Committee and the review of the country's inflation target. In other interviews, Consumer Ninja Wendy Knowler talks about unscrupulous agents conning South Africans into debt review.See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Business Day Editor at Large Hilary Joffe about the IMF's call for greater transparency from the South African Reserve Bank, including more clarity on dissenting votes within the Monetary Policy Committee and the review of the country's inflation target.See omnystudio.com/listener for privacy information.

The New Zealand Reserve Bank's Monetary Policy Committee lowered the Official Cash Rate to 4.25% from 4.75%. The bank's updated projections are consistent with another 50-point reduction at its next decision on Feb. 19, Governor Adrian Orr told reporters at a press conference. “But it's also conditional on economic projections panning out,” he said. “Economic … Continue reading "Kiwis See Another Rate Cut As The RBNZ Takes A Different Path!"

The Monetary Policy Committee lowered the repo rate by just 25 basis points yesterday. Fortunately, the South African economy is like a Kalahari farmer who counts every 1 and 2 ml of rain in the meter. This episode is supported by the NWU Business School.

Rob discusses the recent decision by the Bank of England to reduce the base interest rate from 5% to 4.75%, a move that was widely anticipated. He delves into the implications of this rate cut, particularly in light of the government's recent budget, which is expected to stimulate inflation, arguing against the rate reduction, citing historical patterns of inflation and the potential for rising prices due to increased government spending and flawed energy policies.  KEY TAKEAWAYS The Bank of England has reduced the base rate from 5% to 4.75%, a 25 basis point cut, which was widely anticipated. Despite the rate cut, the Bank of England warns that interest rates may take longer to fall due to rising inflation, influenced by recent government budget decisions. The budget is expected to stimulate economic growth but also includes tax increases and measures that could lead to higher prices, contributing to inflation. Energy prices are a significant factor in inflation, and the current energy policy is viewed as flawed, which may exacerbate inflationary pressures. The Monetary Policy Committee voted 8 to 1 in favor of the rate cut, with one member advocating for rates to remain unchanged due to concerns about inflation stemming from the budget. BEST MOMENTS "The Bank of England has reduced the base rate from 5% down to 4.75%. This was widely expected, but what's most interesting are the comments that accompanied the interest rate decision." "My argument on this podcast has been that the Bank of England shouldn't be reducing rates anyway, because inflation has three waves." "Although we supposedly had a 22 billion pound black hole, the government have decided to stimulate growth through spending, and with that comes a big bunch of tax increases." "The inflation measure apparently did fall below the bank's 2% target, but that was always expected to rise again." "I don't think that rates should be going down at all. They should be going in the other direction because what will happen is that rates will continue to go down and exacerbate inflation." VALUABLE RESOURCES GET YOUR PROPERTY DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOCIAL MEDIA/CONTACT US https://linktr.ee/thepropertynomadspodcast BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL  uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Analysts are in agreement that the Monetary Policy Committee will cut the repo rate by 25 basis points tomorrow. The expectation is two more 25 basis point reductions early next year, but after that things are uncertain. This episode is supported by the NWU Business School.

Gareth Mitchell sits down with David Miles, Professor of Financial Economics at the Business School, about his research on ageing populations and declining birth rates - are they really that bad? Professor David Miles is a member of the Budget Responsibility Committee of the Office for Budget Responsibility. Between May 2009 and September 2015, he was a member of the Monetary Policy Committee at the Bank of England. His current research focuses on policy issues connected with financial stability, the housing market and the setting of monetary policy. 

I fix my entire mortgage in three weeks' time, and find myself with the curious kind of conundrum that most of us with bog-standard family home mortgages couldn't have imagined at any point the last few years. I waited for the email to land from the Monetary Policy Committee... Speed-read the Reserve Bank's statement and found myself with a simple question: Instead of fixing my mortgage at the end of this month, am I better to roll the dice, float for four weeks and hold out for another cut in November? 50 basis points is a meaningful cut. If you've got a $400,000 mortgage, and you're coming off a 7.2% to the market-leading 5.7% being advertised today... That's a difference of $500 a month. What's clear from the Reserve Bank's comments though is that, like it was on the way up, the cutting cycle is likely to have disproportionate impacts depending on different personal circumstances as the OCR comes down. Our economy is groaning. International growth is slowing, and the Middle East conflict has the potential to cause a global oil shock. And with an unemployment rate that lags the cash rate cycle, we could still add the best part of 100 basis points to our unemployment rate. The Reserve Bank might be cutting faster than they anticipated just a few months ago, but it won't come nearly fast enough for many thousands of New Zealanders who are likely going to lose their jobs over the next few months. The MPS in November is the last cash rate decision for 2024... And the last for the best part of three months. My pick for the period between now and then is that the calls for more significant cuts, maybe even to something akin to the neutral cash rate, will only continue to intensify. Our economy might have a taste of relief but it's crying out for so much more. See omnystudio.com/listener for privacy information.

The Reserve Bank could still surprise us with this afternoon's Official Cash Rate decision. Interest rates have been falling, with markets pricing in a 50 basis point cut. But former Reserve Bank economist Michael Reddell says the central bank may opt for another option, like a 25 basis point cut. He told Mike Hosking when he was on the Monetary Policy Committee that makes the OCR decision, they always received advice on what the market and economists were expecting. But he says they're never swayed by those decisions, and make their own decisions based on their own forecasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.

In this episode of the IEA Podcast, we delve into three critical topics shaping the UK's economic and social landscape this week. First, we explore the IEA's new publication "Denationalisation of Healthcare" with author Dr. Kristian Niemietz. The discussion examines the potential benefits of transitioning from the NHS to a social health insurance system, addressing concerns about disruption and emphasising the importance of patient choice and competition among providers. Next, we turn our attention to the Bank of England's recent monetary policy decisions. Our panel, featuring Tom Clougherty and Kristian Niemietz, analyses the implications of keeping interest rates at 5% and the continuation of quantitative tightening. The conversation highlights the divergent views between the official Monetary Policy Committee and the IEA's shadow committee, exploring the merits of different approaches to managing inflation and economic growth. Lastly, we tackle the controversial topic of the gender pay gap, prompted by Rachel Reeves' recent announcement of the "Invest in Women" taskforce. Ibrahim discuss the complexities behind pay gap statistics, challenging the narrative of widespread discrimination and examining the role of individual choices in shaping career outcomes. The conversation also touches on the broader implications of government intervention in labour markets and the potential unintended consequences of well-intentioned policies. We bring you a public affairs podcast with a difference. We want to get beyond the headlines and instead focus on the big ideas and foundational principles that matter to classical liberals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit insider.iea.org.uk/subscribe

Prof. Danny Blanchflower is one of Britain's most important economists. Tenured economics professor at Dartmouth College and former member of the Bank of England's Monetary Policy Committee, he backed Keir Starmer in the election - and now has issued a damning indictment.I talk to him here about why Labour's economic strategy is a disaster - and what the alternative is.Support this show http://supporter.acast.com/the-owen-jones-podcast. Hosted on Acast. See acast.com/privacy for more information.

Recent events, including a weak US jobs report, a pullback in Japan, and volatility in US markets have made life trickier for central bankers around the world. In the UK, moderating inflation led the Bank of England's Monetary Policy Committee to cut rates on August 1. The vote was 5-4, with member Catherine Mann voting to hold. Today on the show, Soumaya Keynes and Mann discuss the case for holding steady in a time of volatility and falling inflation. To take part in the audience survey and be in with the chance to win a pair of Bose QuietComfort 35 wireless headphones, click here. Click here to find T&Cs for the prize draw.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is the Catch Up on 3 things and I am Ichha SharmaIt's the 9th of august and here are this week's headlines. After months of mass upheaval and the consequent exit of former Prime Minister Sheikh Hasina, Bangladesh got its new leader in Nobel laureate Muhammad Yunus on Thursday as he took oath as the chief adviser of the country's interim government. President Mohammad Shahabuddin administered the oath to Yunus and 13 additional advisers. The protests, primarily led by student groups, were triggered by a violent crackdown on demonstrations advocating for reforms in the public service quota system, resulting in over 400 deaths in recent weeks. With the Opposition vehemently opposing The Waqf (Amendment) Bill and its allies wary about the widespread changes proposed by it, the government on Thursday sent the legislation to a Joint Committee of Parliament. Union Minority Affairs Minister Kiren Rijiju's introduction of the Bill was met with noisy protests, with Opposition MPs calling it “an attack on the Indian Constitution, the religious freedom it guarantees, and a violation of the federal structure”. The joint committee will be constituted by Lok Sabha Speaker Om Birla and include members from both the Houses of Parliament and across parties.After a gut-wrenching day of defeats and heartbreaks with Vinesh Phogat announcing her retirement, a day after her disqualification in the wrestling final, due to being overweight by 100 gms and wrestler Antim Panghal's deportation due to the accusation of ‘smuggling' her sister inside the Athelete's village, the Indian contingent was given a reason to cheer after the Indian hockey team won a bronze medal by beating Spain. This is the Indian contingent's fourth medal, all of which have been bronze. It was captain Harmanpreet Singh who scored two goals after India was down one zero at one stage. For the past few days, the United Kingdom has witnessed widespread unrest and violence triggered by a stabbing incident in Southport on the 29th of July. So far, over 400 people have been arrested, 140 people charged, and three given jail sentences as anti-immigrant riots broke out in several regions, including north London, Bristol, and Newcastle, reportedly fuelled by misinformation and far-right activism.The Reserve Bank of India's Monetary Policy Committee has kept the Repo rate steady at 6.5 per cent for the ninth time in a row as sticky food inflation continues to remain a threat to retail inflation. The rate-setting panel also left the monetary policy stance unchanged at ‘withdrawal of accommodation' in the meeting on Thursday. As a consequence of the MPC's decision, banks are expected to keep interest rates unchanged. The RBI also kept the gross domestic product growth projection for the financial year 2025 unchanged at 7.2 per cent and the retail inflation forecast at 4.5 per cent despite the sticky food inflation.This was the Catch up on 3 things

The Reserve Bank of India's Monetary Policy Committee announced on Thursday (August 8) to keep the repo rate unchanged at 6.5% in its August 2024 meeting for the ninth consecutive time. It maintained its inflation projection for FY25 at 4.5 per cent. While announcing the MPC policy, Governor Shaktikanta Das noted that headline inflation reached 5.1 per cent in June 2024, driven by unexpected factors. Fuel prices remained in deflation for the tenth consecutive month, but food inflation surged. Food inflation contributed over 75 per cent to headline inflation in May and June. Vegetable prices alone accounted for roughly 35 per cent of June's inflation. Governor Das said that that the MPC cannot afford to ignore this, espicially in an environment of persisting high food inflation. Vegetables and pulses have kept headline retail inflation has been over 5 per cent for eight months in the last one year. However, retail core inflation — the non-food and non-fuel segment — moderated to a four-year low of 4.3 per cent in FY24. In fact, core inflation saw a historic low during May and June. Some experts believe that high food inflation is stopping the RBI from cutting rates. In fact, the Economic Survey has suggested that "India's inflation targeting framework should consider targeting inflation, excluding food." The argument for the change is that core inflation is muted, meaning the domestic demand is weak. Core inflation measure the change in the cost of goods and services, but it does not include the food and energy sectors. A rate cut would help boost demand. Others say that food inflation is a very important component and it can't be excluded. In this podcast, V Nivedita spoke to Dipti Deshpande, Director and Principal Economist at CRISIL Limited, to decode the debate - should the RBI focus on core inflation while forming its monetary policy? Guest: Dipti Deshpande, Director and Principal Economist at CRISIL Limited Host: V. Nivedita Edited by Jude Weston

This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 8th of August and here are the headlines.The government introduced the Waqf (Amendment) Bill in the Lok Sabha today amid opposition from several INDIA bloc MPs, who labelled the Bill ‘divisive',‘anti-Muslim', and ‘unconstitutional'. The Bill proposes significant changes to the 1995 law, such as the inclusion of Muslim women on Waqf boards and ensuring verification of land before a board announces it as a Waqf property.While the All India Muslim Personal Law Board (AIMPLB)  had termed the move as ‘unacceptable', INDIA parties had said it will oppose any changes to the Waqf Act.Following the heartbreaking disqualification ahead of the Paris Olympics wrestling final, Vinesh Phogat announced her retirement from wrestling today.The 29-year-old failed to make weight, missing the cut by 100 grams during the weigh-in on Wednesday morning, leading to her disqualification from the 50kg categoryevent. Vinesh took to X and said. quote, “Mother, wrestling beat me, I lost. Your dream and my courage are all broken. I don't have any more strength now.Goodbye Wrestling 2001-2024. I will forever be in your debt,” unquote.The Reserve Bank of India's Monetary Policy Committee has kept the Repo rate steady at 6.5 per cent for the ninth time in a row as sticky food inflation continuesto remain a threat to retail inflation. The rate-setting panel also left the monetary policy stance unchanged at ‘withdrawal of accommodation' in the meeting today.As a consequence of the MPC's decision, banks are expected to keep interest rates unchanged. The RBI also kept the gross domestic product growth projectionfor the financial year 2025 unchanged at 7.2 per cent and the retail inflation forecast at 4.5 per cent despite the sticky food inflation.Speaking with The Indian Express, Jammu and Kashmir Director General of Police Rashmi Ranjan Swain, in regard to the efforts to neutralise the “terror ecosystem,”said, quote, “There are 3.6 lakh regular employees and about 1.25 lakh semi-regular employees. Just over 70 people have been removed from service underthe national security clause. That's 0.014%.  And who are the people being removed? Sons of (United Jihad Council chief) Syed Salahuddin. The total numberof people behind bars in various anti-terror laws is around 1600-1700.”While Bangladesh is set to get a new, interim government today, headed by Nobel Peace Prize-winning economist Muhammad Yunus. President Mohammed Shahabuddinwill administer the oath of office to the new government. The oath-taking ceremony will be held at 8 pm today, Chief of Army Staff General Waker-Uz-Zamansaid during a press conference. Meanwhile, the Indian visa application center announced that its offices in the country will remain closed till further notice.This was the Catchup on 3 Things by The Indian Express.

Economist and external member of the Bank of England's Monetary Policy Committee, Swati Dhingra talks to Robert and Steph about why she thinks the time has come to lower Bank Rate, the interest rate set by the Bank of England that determines the cost of borrowing and savings rates for all of us.   She discusses the heavy responsibility of deciding how much money the British public have in their pockets and discusses where interest rates are likely to settle for the next ten years or longer. The Rest Is Money also examines with her why the Bank of England was too slow to raise interest rates when the inflationary surge began and whether monetary policy can be adapted to meet the different needs of the UK's regions Sign up to our newsletter to get more stories from the world of business and finance. Email: restismoney@gmail.com X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney goalhangerpodcasts.com Assistant Producer: Fiona Douglas, India Dunkley Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Neil Fearn, Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Central banks worldwide share common practices in how they operate, but the UK's central bank is unique in how it makes its rate decisions. Catherine Mann is a Professor of the Practice at Brandeis University and one of four external voting members of the Monetary Policy Committee at the Bank of England. In this podcast, Mann says the pickup in capital flows in neighboring countries earlier this year required careful consideration by the BOE, and the broader range of backgrounds on its board helped to make the right monetary policy decisions.  Transcript: https://bit.ly/3RaurnK

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top market cues ahead of the trading session of June 6 -The market has been carrying a disclaimer "Not for the faint hearted" for the last three sessions. In fact, at one point on Tuesday, it felt as though the Nifty has gone into a free fall, but it has managed to find some support at lower levels, at least for now. -The recovery seen by the Nifty yesterday, that is June 5, has taken the market back to levels above last Friday's close. In fact, it has even turned positive for the week. The market took heart from the fact that Narendra Modi is all set to be prime minister for a historic third time, albeit in an alliance, but with alliance partners like JD (U) and TDP backing the NDA, the government formation looks mostly certain in the coming few days. -The Nifty is 700 points adrift from its peak of 23,338. That may take a while as many brokerages have turned cautious on the market post this election outcome. -June 6 will be the first weekly expiry of an already action-packed start to the June F&O series. -Besides political developments, the market also awaits comments from the Reserve Bank of India's Monetary Policy Committee on Friday on whether it will revise its inflation or GDP outlook for the fiscal year after the fourth quarter print. There are currently no talks of a rate cut from the central bank just yet. -Foreign investors continued to remain net sellers in the cash market on Wednesday, while domestic investors were net buyers. -Asia-Pacific stocks rose as hopes for rate cuts by the European Central Bank boosted market sentiment, while major indexes in the U.S. hit fresh highs overnight. Overnight in the U.S., Nvidia led major tech stocks higher and slightly weak labor market data gave investors hope the Federal Reserve might move to lower interest rates later this year. -Back home, GIFT Nifty was higher this morning, trading at a premium of more than 90 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market -Stocks to track: BHEL, IEX, Century Textiles, Torrent Pharma, Uno Minda, NBCC, Nandan Denim, KPI Green Tune in to Marketbuzz Podcast for more cues

Leadership extends beyond mere guidance; it's a continuous journey of learning, growth, and facing the storm head-on, no matter how daunting it might appear. In this episode, we delve into the transformative power of purpose-driven leadership and navigating times of turbulence with Aku Pauline Odinkemelu, a towering figure in Nigeria's economic and banking landscape whose impact reaches far beyond her borders.   Despite starting her career in law, Aku discovered her passion and found her calling in banking, rising to executive positions and serving on the Central Bank's Monetary Policy Committee, overcoming Nigeria's economic challenges. Growing up as one of nine children, Aku shares how education, family support and mentorship steered her professional trajectory and fueled her commitment to growth. Aku shares her remarkable account of navigating through times of significant unrest and danger in River State, emphasizing the role of strategic thinking when steering her teams to safety. Join us as we celebrate Aku's inspirational leadership journey—a testament to resilience, integrity, and unwavering courage. Key points include:   A stroke of chance: Aku's career evolution from legal counsel to banking leader Tackling conflicts of interest, inflation and currency challenges in Nigeria's economy The greatest gift of education and the role of family support in shaping careers Building a legacy of impact and nurturing future leaders Influential mentors: Shaping values and leadership principles Career turning points: Overcoming challenges and navigating the social unrest in Nigeria Crisis Management: Optimizing strategic security measures amidst turbulent times Spiritual resilience: Finding strength and balance in faith   "You have to find that inner strength to detach from everything that is happening. Connect with your team, reach out to your networks, and see how you can analyze and get to the root causes of whatever challenges you face." – Aku Pauline Odinkemelu.   Real Life Real Leaders is dedicated to exploring the real stories behind some of the world's most outstanding inspirational leaders. Each new episode teaches the highs and lows of building a successful business and uncovers the attributes that make a great leader.    Resources: Our Iceberg Is Melting by John Kotter https://www.ouricebergismelting.com/   Get connected socially with Aku Pauline Odinkemelu: https://www.linkedin.com/in/aku-odinkemelu-b3823070   Get connected socially with host Bonnie Hagemann: https://www.linkedin.com/in/bhagemann/  https://edainc.io/  https://mobile.twitter.com/bonnie_hagemann  https://www.linkedin.com/showcase/real-life-real-leaders-podcast/    This podcast is proudly produced in partnership with podlad.com

South Africa's Monetary Policy Committee has decided to keep interest rates on hold at 8.25% in their recent gathering, Chief Economist at Stanlib Asset Management, Kevin Lings speaks to Bruce Whitfield to shed light on how regular South Africans are affected.   Chair of the British Chamber of Business in Southern Africa and Dean and director of Henley Business School Africa, Jon Foster-Pedley joins Bruce Whitfield to address why executives need to eliminate all the fluff and be direct when it comes to effective communication and leadership within companies.   Bruce Whitfield is in conversation with CEO at Aurik Business Accelerator, Pavlo Phitidis on crucial lessons from the businesses that thrived post riots, floods, uncertainty and self-doubt. Maya Fisher-French, a Personal Finance Journalist at Maya on Money, joins host Bruce Whitfield to examine the advantages and disadvantages of Crowd Farming as an investment option. Additionally, they address the necessity of regulation and measures for safeguarding investors. See omnystudio.com/listener for privacy information.

South Africa's Monetary Policy Committee has decided to keep interest rates on hold at 8.25% at their latest meeting. Chief Economist at Stanlib Asset Management, Kevin Lings, speaks to Bruce Whitfield to shed light on how regular South Africans are affected.See omnystudio.com/listener for privacy information.

The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate.   It has again held the Official Cash Rate at 5.5%, where it's been for a year.   Inflation has fallen to 4%, but is still above the target of a 1-3% band.   Adrian Orr told Mike Hosking that the talk about hiking the OCR is real.   "The disappointing part is how stubborn domestic inflation remains. "We don't determine productivity we just deal with the product we've got." Orr said "inflation for large parts of the economy has fallen" but we are now at the "stubborn tail, which is not surprising." Hosking said councils are crazy and out of control, and Orr said he wouldn't comment on councils. "The biggest risk we run is not getting inflation low and stable," Orr said. "We have to use the tools we have... we run monetary policy, we don't run councils." Hosking said Orr has "hit the end of the road," saying that there's little more the Reserve Bank can do except completely stuff the economy by raising rates.  Orr's response was: "that is a statement."  He told Hosking that they're very confident we'll be in very low and stable inflation at 2%.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

Just how much power do the economists of Threadneedle Street really wield? As the Bank of England grapples with whether to keep interest rates at an all time high, host Sascha O'Sullivan goes on a mission to find out.In this week's episode, she speaks to those who have been at the very heart of Westminster's relationship with the Bank for the last three decades.Former Prime Minister Liz Truss tells Sascha exactly why she believes Bank of England economists were attempting to pull apart her mini-budget and "take her down."Former shadow chancellor and Gordon Brown adviser Ed Balls explains how the Bank's independence came about in 1997, and suggests some of the people sitting on the Monetary Policy Committee have developed a spot of group think in their decision making.Torsten Bell, chief executive of the Resolution Foundation and former adviser to Alistair Darling, talks about how the 2008 global financial crisis changed the powers the Bank could deploy in times of emergency.And Andy Haldane, the former chief economist for the Bank of England for more than 30 years, reveals how close to a political intervention the then-Governor Mark Carney came during the Brexit years and how, after the pandemic, the Bank's economists missed inflation coming down the track. Hosted on Acast. See acast.com/privacy for more information.

Welcome to Season 12 of Cleaning Up! If you want a sense of the trajectory of climate action, you have to understand China, and you have to understand finance. There is no one better to share insights on both than Dr Ma Jun, Founder and President of the Institute of Finance and Sustainability in Beijing.Between 2014 and 2020, Dr Ma served as Chief Economist and then Member of the Monetary Policy Committee of the People's Bank of China. Over the subsequent years, Dr Ma played a key role in the development of sustainable finance in China and around the world. He led the drafting of China's green finance and green bond guidelines; he led work on green finance at the G20; he pushed for the greening of China's Belt and Road initiative; he set up initiatives with the global accounting and standards bodies; and he helped enlist the world's major financial centres in the drive to green the capital markets. Dr Ma is a towering figure in the area of green finance in China and in the world, and provides an invaluable perspective on one of the most significant players in the clean energy transition.Please like, subscribe and leave a review. Follow us on Twitter, LinkedIn, Facebook or Instagram, and sign up for the Cleaning Up newsletter at https://cleaninguppod.substack.com.  Links and related episodes:Dr Ma's 2017 book, “The Economics of Air Pollution in China: Achieving Better and Cleaner Growth” https://www.jstor.org/stable/10.7312/ma--17494Dr Ma and Simon Zadek: Decarbonizing the Belt and Road https://www.climateworks.org/wp-content/uploads/2019/08/BRI_Exec_Summary_v10-screen_pages_lo-1.pdfEpisodes 14 with Jonathan Maxwell – Cheaper, Cleaner, More Reliable  https://www.cleaningup.live/episode-14-jonathan-maxwell/Episodes 113 with Jonathan Maxwell — Checkpoint 2023: Energy Efficiency Investment https://www.cleaningup.live/ep113-jonathan-maxwell-checkpoint-2023-energy-efficiency-investment/Episode 153 with Lauri Myllivyrta – Shedding Light on Energy's Dirty Secrets https://www.cleaningup.live/shedding-light-on-energys-dirty-secrets-ep153-lauri-myllyvirta/Episode 84 with Mark Carney - The 130 Trillion-Dollar Man https://www.cleaningup.live/ep84-mark-carney-matching-net-zero-supply-and-demand/Episode 145 with Professor Avinash Persaud – The Bridgetown Initiator  https://www.cleaningup.live/the-bridgetown-initiator-ep145-prof-avinash-persaud/

We often hear about government debt in the headlines. Currently the UK government owes around £2.65 trillion, nearly 100% of UK GDP - the value of all the goods and services produced in the UK in a year. How has the debt level grown? Should we aspire to reduce the debt? And do we need to worry about high debt to GDP ratios?Joining us today to answer all these questions and more, is David Miles, Professor of Financial Economics at Imperial College Business School, a member of the OBR Budget Responsibility Committee and former member of the Monetary Policy Committee at the Bank of England.Find out more: https://ifs.org.uk/Become a member: https://ifs.org.uk/individual-membership Hosted on Acast. See acast.com/privacy for more information.

Bank Negara's Monetary Policy Committee has decided to maintain the Overnight Policy Rate at 3% for its fifth consecutive meeting; it last raised it by 25 basis points in May 2023. Meanwhile, BNM also believe the ringgit is currently undervalued. Julia Goh, a senior economist at UOB helps us unpack the implications of the decision and comments in the official statement that followed.Image Credit: Shutterstock.com

The Reserve Bank Governor has held the Official Cash Rate at 5.5 percent today, as expected by most economists. Adrian Orr says there was discussion on whether to bring in a small hike, but the Monetary Policy Committee concluded holding was the right move. Milford Asset Management's Katlyn Parker analyses the market reaction to this announcement. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Nick Cohen gets The Lowdown from leading economist Danny Blanchflower CBE - onetime external member of the Bank of England's interest rate-setting Monetary Policy Committee.Danny foresaw economic woes mounting up in 2007 and predicted a crash - a year or so before the start of the bank collapses that led to the Great Recession. Since then, the Tories have visited on the country one failed economic project after another - austerity, Brexit, Trussanomics. Now the average Brit is forced to pay what's been called the "Moron Premium"  for their chronic incompetence - higher food prices, extortionate energy bills and more expensive mortgages, while a failing economy stagnates in recession.The Tories have predictably descended into  in-fighting and sinister culture wars as they await their inevitable rout at the next election. But what can Labour do to pull the UK economy out of its current death spiral?Support the showListen to The Lowdown from Nick Cohen for in-depth analysis of the issues and events that shape our lives and futures. From Ukraine to Brexit, from Trump to the Tories - we hope to keep you informed - and sane! @NickCohen4

The rate setting panel of the Reserve Bank of India has kept lending rate unchanged at 6.5 percent, signalling that its battle against inflation is not over yet. This was the sixth consecutive time that the central bank has left the repo rate unchanged. The Monetary Policy Committee has also decided to stay focused on the “withdrawal of accommodation” stance.  After banking, let us now turn our gaze to the glamorous world of advertising. What is going on there? A recent attempt by a model-turned-actor to pull herself out of obscurity has shocked many. Poonam Pandey is once again in the news. But at what cost? Shockvertising, a marketing ploy that aims to grab attention through controversial or shocking ways, is not new. Some recent episodes have again triggered a debate around it. So how much shockvertising is too much?  In 2013, US carmaker Ford had apologised over a poster showing  three gagged and bound women in the boot of a car. It had come against the backdrop of the brutal Nirbhaya incident. Let us now move on to markets. Shares of public sector banks have delivered up to 3x returns over the past six months as investors increasingly turn bullish on government-backed lenders. Their private peers, on the other hand, have had mixed performances on the bourses during the period. In our next report, find out what is keeping the stocks in demand, and if this outperformance will continue. No indications of an interest rate cut by the RBI in the near future spooked the markets on Thursday. But it's most likely a blip. The recent interim Budget has affirmed that India's economy is on firm footing. One of the Budget announcements that was praised in several quarters was the government's Rs 1 lakh crore corpus to boost private sector research in “sunrise domains” like biotechnology, artificial intelligence, and renewable energy. Listen to this episode of the podcast for answers. 

Daniel assesses the latest Indian Budget announcement as well as the upcoming Monetary Policy Committee meeting, and their implications for investors.Speaker:- Daniel Lam, Head of Equity Strategy, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on YouTube.

Bank Negara maintained the overnight policy rate at 3.0% following its first Monetary Policy Committee meeting of 2024, meaning no change since May 2023. Ray Choy, Chief Economist at Malaysian Rating Corporation analyses how this might affect the FBM-KLCI, the value of the ringgit and the overall Malaysian economy.Image credit: Shutterstock.com

On the 1st of January 2024, the copyright for the original 'Steamboat Willie' character of Mickey Mouse is due to enter the public domain. Felicity Hannah finds out what it means when iconic intellectual property goes public.As fashion looks for a sustainability fix, the boss of second-hand clothing app Vinted explains what he sees as the future of the sector.And, with speculation that the Bank of England's Monetary Policy Committee could cut interest rates as early as March, we find out what that could mean for the mortgage market.

The big economic news of the week was that the Bank of England has held interest rates at 5.25 per cent for the third consecutive time. This was the expected outcome of the Monetary Policy Committee's latest vote, but it wasn't unanimous. There were six MPC votes to hold rates but three to raise it to 5.5 per cent. Should we expect a rate cut any time soon?  James Heale speaks to Katy Balls and Kate Andrews.  Produced by Oscar Edmondson. 

The Reserve Bank's Monetary Policy Committee held the Official Cash Rate at 5.5% Wednesday in Wellington. This was as expected by most economists. But the central bank has been spooked by stronger near-term growth that's being driven by the return of international students and immigrants after the pandemic. As a result, there was a significant … Continue reading "Kiwi's Yet To See Higher Rates Thanks To Migration?"

Markets are pissed - and they have every right to be as Powell dumps markets. Seasonal patters playing out. Could strikes be the next market breaking catalyst? Listen in to what China is doing with US Bonds - not good PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - The Wait for the Fed is over - and the market is pissed - Starting t wonder if there  is another banking scare coming (rate rocketing higher) - We still selling Rosh Hashana  and Buying Yom Kippur? - Weight loss drugs worrying different market segments - Wondering - Next Catalyst for market - Unions Strike Trend? - PSA about COVID Season Market Update - 10Yr Yield approaching 4.5% - Oil taps $92 then comes in to $90 - Bad week for markets - we have some stats - Cisco M&A - Splunk - Oversold reading - switched the short small-caps today Market Commentary The major indices registered sizable declines last week. - Softness in mega caps had a disproportionate influence on index performance, but there was no effort to rotate anywhere else so many stocks came along for the downside ride. -  All 11 S&P 500 sectors finished in the red last week. ----- - - - - - The consumer discretionary (-6.4%), real estate (-5.4%), and materials (-3.7%) were the top laggards while the health care sector (-1.2%) saw the slimmest loss. - The catalyst for the weakness was another big jump in Treasury yields. ----- - - - The 2-yr note yield climbed eight basis points last week to 5.12%. --- - -The 10-yr note yield climbed 12 basis points last week to 4.44%. - - - - -  -Including lastweek's move, the 10-yr note yield is up 35 basis points this month. **** Those moves were largely in response to the Fed's hawkish pause on Wednesday. Fed Update Meeting (Briefing.com) - As expected, the FOMC voted unanimously to leave the target range for the fed funds rate unchanged at 5.25-5.50%. - - - The median fed funds rate estimate for 2023 was unchanged at 5.6% - - - BUT the median estimate for 2024 was 5.1%, versus 4.6% in June. This suggests officials are still leaning in favor of one more rate hike this year it also tells us that there is an expectation that rates will come down by only 50 basis points in 2024, as opposed to 100 basis points when estimates were provided in June. - - - - -The longer-run fed funds rate estimate was maintained at 2.5%, leaving one to infer that the Fed is going to stay committed to its 2.0% inflation target. Other Central Banks - Japan's central bank maintained its ultra-loose policy and left rates unchanged last Friday, mindful of the "extremely high uncertainties" on the growth outlook domestically and globally. - Yen dropped hard on the  news (weakening) - In a policy statement after its September policy meeting, the Bank of Japan said it would maintain short-term interest rates at -0.1%, and cap the 10-year Japanese government bond yield around zero. - Very dovish for Japanese rates (in a world that everything else is inflating) More Other Central Banks - The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. - A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. - Are they really using data that is real-time? Stupid as economy moves slowly - they are nuts! China Dropping Treasury Holdings - China has been reducing its US Treasury holding for about 10 years now - China, presumably, drew some conclusions from the Russia invasion of Ukraine (freezing of assets)  and recognized the same cou...

The Biden administration has undertaken an aggressive effort to revitalize domestic manufacturing, particularly in areas like semiconductors and green technology. The reasons are manifold. The pandemic exposed frailties in the supply chain. Climate concerns have accelerated the urgency around the energy transition. And anxiety about growing Chinese dominance in key areas (such as batteries) has heightened geopolitical concerns. So now, day after day, we see spates of announcements of new factories being opened up in these areas. But what are the risks and dangers to this approach? On this episode of the podcast, recorded at the Jackson Hole Economic Symposium, we speak with Adam Posen, a former member of the Bank of England's Monetary Policy Committee who now serves as president of the Peterson Institute for International Economics. He warns that the basic logic for this domestic industrial policy is misguided and based on a faulty understanding of domestic economic dynamics. He also says that we're taking a wrong and dangerous approach to dealing with perceived competitive threats from China.See omnystudio.com/listener for privacy information.

As all eyes are on the Bank of England as its Monetary Policy Committee announces how to tackle the still-sticky inflation, and the question looks not to be if rates will rise, but by how much, Sean Farrington asks what the prospect for the British economy will be in either event. We'll also chat to a haulier company owner who's already feeling the recession and had to close her business. And Gary Neville's call to stop Premier League stars heading to the Saudi League - could it ever work?

As the Bank of England's Monetary Policy Committee prepares to announce its latest decision on interest rates, Sean Farrington asks where the interest rate might go and how much it can do to tame inflation. Online fashion retailer ASOS has reported losses in its latest results - what does this mean for the once-booming retailer? And the second Eurovision semi-final is taking place in Liverpool - we hear from a local hospitality owner to find out if the buzz is good for business.

Paul Tucker is a 33-year veteran of the Bank of England, where among other positions, he served as both a member and deputy governor of the Monetary Policy Committee. Currently, Paul is a research fellow at the Mossavar-Rahmani Center for Business and Government at Harvard. He is also a returning guest to the podcast, and rejoins Macro Musings to talk about his new book, *Global Discord: Values and Power in a Fractured World.* Specifically, David and Paul also discuss China's push for reserve currency status, how to sell international legitimacy to the general public, the geopolitical advantage of trade deals, and much more.   Transcript for the episode can be found here.   Paul's Harvard profile Paul's website   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *Global Discord: Values and Power in a Fractured World Order* by Paul Tucker   *Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State* by Paul Tucker   *Quantitative Easing, Monetary Policy Implementation, and the Public Finances* by Paul Tucker   *Biden Needs Allies to Keep China and Russia in Check. Here's How to Do it.* by Sebastian Mallaby