Should the Central Banks Keep on Raising Rates?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There's one camp that thinks the central banks should keep on raising rates. They argue inflation still remains very high, far higher than central banks would like. The other camp says you really want to see what's happened in the banking sector as a warning signal.

The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking sector turmoil would be a mistake, shares of First Republic Bank rallied after US Treasury secretary Janet Yellen said the government stood ready to provide further support for smaller lenders, and China's leader Xi Jinping has backed Russian president Vladimir Putin’s stance on his war in Ukraine but refrained from endorsing his statements about a planned gas pipeline.

Mentioned in this podcast:

Ukraine clinches $15.6bn IMF loan

Former officials split on what central banks should do next

Janet Yellen says US prepared to give more support to banks

Xi Jinping backs Vladimir Putin on Ukraine but holds out on Russian gas pipeline

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.