The stark ‘de-risking’ choice facing economies

For decades, I have argued that the US dollar will maintain its position as the predominant currency in the world economy. This remains the case today. There is no other currency — physical or virtual — able to replace the dollar at the centre of the international monetary system. However, the global influence of the […]

Bank of England governor says the UK is facing a wage-price spiral

A sign displays the price in pound sterling of food goods, including cucumbers, at a a fruit and vegetable market in stall east London on March 31, 2023. Susannah Ireland | Afp | Getty Images LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now […]