As inflation recedes, global economy needs policy triple pivot
By Pierre-Olivier Gourinchas Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist...
When foreign exchange intervention can best help countries navigate shocks
By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier With major central banks now cutting policy rates, the global interest rate cycle is turning. This shows how far...
Now is the time to help countries faced with liquidity challenges
By Ceyla Pazarbasioglu and Pablo Saavedra Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic, conflicts around the...
