Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself
The economy becomes more and e here e po special control as far as i understand that banks could somehow balance their reserves and their reserves and if suddenly i change their mind and want to withdraw that deposit, the bank must have the necessary amount of funds. Definitely another way to even create money is to issue by a loan bank in order to issue a loan , technically the bank does not need money to come to it on a specific day. To another bank and , for example, to pay salaries to employees, and this includes money brought in by individuals brought by other companies in the form of their deposits, what happens if the bank does not properly form these reserves and makes a mistake and issues them loans are more than he actually has working capital in his accounts , and when his borrower thinks that he has, for example , borrowed a hundred thousand dollars, he comes to the bank. You give me 100,000, but the bank does not actually have this physical money, i only have records on hi
Are you thinking its just a Community Center . No. It is much more than tha creating wifi enabled list so students from low income families can get the tools that they need to be ready for anything. Comcast along with these Television Companies support cspan2 as a public service. I am an assistant professor at the history university of southern california. This is my first inperson Conference Since the pandemic. After two years we are giving a conference paper with basically sitting alone in my part apartmentss. Its wonderful to stipulate a person to you guys today. I wanted to say thank you for putting together this conference and for accommodating all the different varieties. Even though that i know that it came with some great logistical challenges. I want to thank Ray Lynn Barnes who unfortunately cannot be here today what is really the one responsible for bringinggi us al together today. Ultimatelyas last year around february deciding to focus on 1852. He this is the year when the
Is a rate rise good for you . Really looking forward to speaking to you, to hearing from you this morning, by telephone, by text or social media. Lets get the neatest News Headlines from karishma patel. The Bank Of England is expected to raise its main Interest Rate to 5. 25 at lunchtime. It will be the 14th time in a row its gone up. Inflation has slowed down in the past few months, but is still at nearly 8 four times higher than the official target. Deputy Prime Minister, oliver dowden, says migrants will start to be housed on a barge in dorset in the coming weeks and that inspections are being carried out. They were meant to move in earlier this week but there have been concerns over fire safety and port staff. Ofcom says older viewers are switching away from live tv as part of a record drop in people watching traditional television. The Broadcasting Watchdog says audiences now have an all you can eat buffet of broadcast and online content to choose from. Scientists say a Prehistori
Im an assistant professor of history at the university of Southern California and this is my first in person Conference Since the pandemic and after two years where giving a conference paper was basically sitting alone in my apartment, its wonderful to be able to talk with you today. So just wanted to get a big thank you to the organization for putting together this conference and for accommodating the varieties of which people chose to participate even though i know that came at some great logistical challenges. I also want to thank who cant be here today but is the one responsible for bringing us all together today. As she originally conceived of the roundtable as one that would be focused on the civil war and the west but ultimately last yearry around february decided o focus it on 1862. This is the year when the Republican Party succeeded into some of its original Campaign Promises abolished in the district of columbia and the western territories as well as passing the homestead ac