Trump Tries to Seize ‘Affordability’ as Americans’ Economic Worries Grow
The issue has buoyed Democrats and is resonating with an American electorate that is souring on the president’s economic agenda.
Shifts in OPEC+ behaviour and downside risks to oil prices
Oil prices have declined in recent months owing to a persistent oversupply in the market. A key driver has been a shift in the stance of OPEC+. The group has been increasing oil supply at a rapid pace despite already low prices, marking a clear departure from its historical role as a market stabiliser. A similar shift in behaviour occurred in 2014, when oil prices declined sharply and remained persistently low. This box evaluates the risk of a similar scenario unfolding today.
Exchange of letters between the Governor and the Chancellor on the Asset Purchase Facility - November 2025
Exchange of letters between the Governor and the Chancellor
Mitsotakis seeks to appease farmers as they sow grievances on streets of Athens
As farmers rallied in Athens on Tuesday, Prime Minister Kyriakos Mitsotakis was in the Rhodope region, a key agricultural area in northeastern Greece, where he announced a 50 pct increase in the fuel tax rebate cap for farmers.
Trump’s Tariffs Hit Specialty Grocery Stores for Some Immigrant Communities Especially Hard
For immigrant communities from countries with especially high duties, food costs have risen sharply courtesy of President Trump.
Where the Taste of Home Comes With a Tariff Charge
For immigrant communities from countries with especially high duties, food costs have risen sharply courtesy of President Trump.
Joining forces: why banks syndicate credit
Banks can grant loans to firms bilaterally or in syndicates. We study this choice by combining bilateral loan data with syndicated loan data. We show that loan size alone does not adequately explain syndication. Instead, banks’ ability to manage risks and firm riskiness drive the choice to syndicate. Banks are more likely to syndicate loans if their risk-bearing capacity is low and if screening and monitoring come at a high cost. Syndicated loans are more expensive and more sensitive to loan risk than bilateral loans.
Joining forces: why banks syndicate credit
Banks can grant loans to firms bilaterally or in syndicates. We study this choice by combining bilateral loan data with syndicated loan data. We show that loan size alone does not adequately explain syndication. Instead, banks’ ability to manage risks and firm riskiness drive the choice to syndicate. Banks are more likely to syndicate loans if their risk-bearing capacity is low and if screening and monitoring come at a high cost. Syndicated loans are more expensive and more sensitive to loan risk than bilateral loans.
A machine learning approach to real time identification of turning points in monetary aggregates M1 and M3
Monetary aggregates provide valuable information about the monetary policy transmission and the business cycle. This paper applies machine learning methods, namely Learning Vector Quantisation (LVQ) and its distinction-sensitive extension (DSLVQ), to identify turning points in euro area M1 and M3. We benchmark performance against the Bry–Boschan algorithm and standard classifiers. Our results show that LVQ detects M1 turning points with only a three-month delay, halving the six-month confirmation lag of Bry–Boschan dating.
A machine learning approach to real time identification of turning points in monetary aggregates M1 and M3
Monetary aggregates provide valuable information about the monetary policy transmission and the business cycle. This paper applies machine learning methods, namely Learning Vector Quantisation (LVQ) and its distinction-sensitive extension (DSLVQ), to identify turning points in euro area M1 and M3. We benchmark performance against the Bry–Boschan algorithm and standard classifiers. Our results show that LVQ detects M1 turning points with only a three-month delay, halving the six-month confirmation lag of Bry–Boschan dating.
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