The Left must reject Neoliberal Political Framing. Taxes do not pay for government spending. Taxes are a consequence of spending.

Singapore central bank keeps monetary policy unchanged: SINGAPORE: Singapore's central bank on Wednesday kept its monetary policy settings unchanged. #Singapore #CentralBank #MonetaryPolicy #Economy #Finance

Markets continue to look past Trump.

The Invisible Grid: How AI's Energy Appetite Is Rewriting the Signals Central Banks Read

Rigid rate guidance risks constraining monetary policy, while clearer communication on exchange rates can steady markets. by Ashima Goyal, BasisPointInsight.com

With the world now in a permacrisis, monetary policy needs a new operating paradigm, as the RBI may not be dealing with textbook supply shocks. by Abheek Barua, BasisPointInsight.com

The Royal Swedish Academy awarded economics Nobel Prize to American economists Robert Hall and Michael Woodford on Monday. They received the honor for developing microeconomic foundations for macroeconomic stabilization models now used by global policymakers.

The 2026 Nobel Prize in Economic Sciences has been awarded to U.S. academics Robert Hall and Michael Woodford for their groundbreaking work in developing economic models used by central banks worldwide to stabilize economies. The prestigious award, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, recognizes their decades-long research that has fundamentally changed how monetary policy is implemented. Hall, 83, from Stanford University, and Woodford, 70, from Columbia University, have developed frameworks that emphasize the importance of micro-level economic decisions made by households and businesses rather than relying solely on top-down economic theories. Their work has been instrumental in shaping modern monetary policy, particularly during the global financial crisis of the late 2000s. Woodford highlighted the significance of 'forward guidance'—clear communication about future interest rate policies—as a key tool that became central to policy responses starting in 2009. The laureates' research also introduced concepts such as 'sticky' inflation, where price changes lag behind shifts in demand, and the 'output gap,' a measure of economic demand pressure and resource utilization efficiency. These frameworks have become standard tools for central banks to manage economic stability. The Nobel Prize in Economics, first awarded in 1969, is not one of the original five Nobel Prizes established by Alfred Nobel but was created by Sweden's central bank. The award ceremony took place in Stockholm, with the Committee for the Prize in Economic Sciences noting that the laureates' work has significantly improved the ability to handle economic shocks such as energy crises or sudden changes in consumer behavior. The prize, worth 12 million Swedish crowns (approximately US$1.2 million), is the final Nobel Prize to be announced this year, following the awards in medicine, physics, chemistry, literature, and peace. Previous Nobel laureates in economics have predominantly been from the United States, with only three women winning the prize, most recently Claudia Goldin in 2023 for her research on gender disparities in pay and employment.

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While the 25bps rate hike was widely expected, the change in stance to ‘calibrated tightening’ has taken everyone by surprise by Sachchidanand Shukla, BasisPointInsight.com

The hike reflects a global shift towards tighter monetary policy as central banks battle inflation fuelled by Middle East conflict.