‘In the end, the USD’s centrality to the system of global payments also increases the power of sanctions it imposes on other countries or individuals. In truth, since almost all trade is done in American dollars, even trade among other…
‘Trump’s presidency promises one certain development: a 180-degree turn; peace instead of war. President Trump’s attitude towards Europe is well known: he is tough on our continent and he does not want to pay for the defence of Europeans at…
The Fed is not cutting the federal interest rate, and is keeping it at 5.5 per cent, the highest it has been since the early 2000s. Meanwhile in Hungary, the National Bank cut interest rates on 31 January….
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