U.S. dollar remained low while the Yen continued rallying

The dollar index plummeted by 0.5% to 103.75 earlier on Thursday, hitting its lowest level in a week. The currency traded little changed at 104.20...

How fiscal restraint can help fight inflation

By Tobias Adrian and Vitor Gaspar Government support was vital to help people and firms survive pandemic lockdowns and support the economic recovery. Where inflation is high and...

Latin America faces a third shock as global financial conditions tighten

By Santiago Acosta-Ormaechea, Gustavo Adler, Ilan Goldfajn, and Anna Ivanova. As Latin American countries continue to grapple with the effects of two previous shocks, the pandemic and Russia’s invasion...