Bank Carnage
Mar 21, 2023•40 min•Season 2023Ep. 22
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Episode description
You wait for bank failures for years then... three come in a week, one in the home of banking, Switzerland,. This presents central banks with a dilemma. Central banks have two key mandates. One is controlling inflation which, right now, demands higher interest rates, the other preserving the banking system, which right now requires lower interest rates. What gives?
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