Since the liberalization of trade and the internationalization of financial markets, central banks have become major players in the choice and implementation of economic policy. They have different missions and statuses depending on the country or continent. Of all, it is the European Central Bank (ECB) that has the greatest freedom of action, thanks to its independence enshrined in its founding treaty and the definition of its mission in its statute, to reduce and maintain inflation in the euro zone to a level below but close to 2%. It can then act to support growth and employment.

The US Federal ...

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In an increasingly fragmented and unstable international environment, China appears to be a pillar of growth in the world economy. The 5% increase in GDP over one year in the 1st quarter shows that, unlike the main developed countries, the country has not yet been affected by the consequences of the war in the Middle East. Uncertainties about fossil fuel supplies, with the resulting sharp price increases, as well as disruptions to maritime traffic, have not resulted in a significant rebound in inflation or threats to production chains.

The rate of 5% is identical to that published for the year ...

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Attention is now monopolized by the Middle East conflict, by its consequences on the supply of raw materials after the blockage of the Strait of Hormuz and by the succession of statements by the President of the United States on the evolution of the situation. Meanwhile, in Beijing, Chinese leaders met to discuss and then approve the 15th Plan, which will serve as a framework for their action from 2026 to 2030. This provides a clear idea of the direction that the world's second largest economy will take and the evolution of its influence linked to its weight in ...

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