Business

Economy, companies, household budgets: the decisions and figures of the moment, put in context rather than commented on in haste.

Illustration: interest rates and credit

Interest rates: from central bank to your loan

The policy rate does not set your mortgage rate, but it sets the tempo. The transmission chain, step by step.

Illustration: the bitcoin halving

Bitcoin: the halving explained in five minutes

Roughly every four years, miners’ reward is cut in half. Why the mechanism exists and what it actually changes.