It’s been a rough stretch for the world’s top central bankers, who are facing pressure to tame high prices without crashing their economies now that persistent inflation has defied their predictions. It doesn’t help that they face this challenge amid an explosion of interest in cryptocurrencies, a technology invented to bypass their power entirely. But the past few months have been even rougher for crypto. So as crypto markets melt down, central banks are not letting the moment go to waste. Yesterday, when the Bank for International Settlements released its 115-page annual economic report, it devoted the final third ... (full story)