Latest Central banking News

An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)

IMF: Low rates and reduced trade tension to aid world growth

Jan. 20, 2020 8:25 AM EST

WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in 2020 and...

Pedestrian stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Monday, Jan. 20, 2020. Asian shares are trading mostly higher as investors await central bank decisions later in the week and upcoming earnings reports. Shares rose Monday in Tokyo, Sydney and Shanghai but fell in Hong Kong. (AP Photo/Eugene Hoshiko)

World shares mixed ahead of central bank decisions

Jan. 20, 2020 7:19 AM EST

TOKYO (AP) — Stock markets were trading in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. In Europe, France's CAC 40 declined 0.2% to 6,089, while Germany's...

FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)

Trump to nominate Shelton, Waller to Federal Reserve

Jan. 16, 2020 8:38 PM EST

WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations hadn't...

Clouds pass by the European Central Bank in Frankfurt, Germany, Thursday, Jan. 16, 2020. (AP Photo/Michael Probst)

European Central Bank sees a few upbeat signs in eurozone

Jan. 16, 2020 9:31 AM EST

FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the...

An anti-government protester receives helps after she was beaten by riot police, while she was was protesting outside a police headquarters demanding the release of those taken into custody the night before, outside a police headquarter, in Beirut, Lebanon, Wednesday, Jan. 15, 2020. Lebanese security forces arrested 59 people, the police said Wednesday, following clashes overnight outside the central bank as angry protesters vented their fury against the country's ruling elite and the worsening financial crisis. (AP Photo/Hussein Malla)

Top UN official in Lebanon blasts politicians' inaction

Jan. 15, 2020 4:59 PM EST

BEIRUT (AP) — The top U.N. official in Lebanon on Wednesday denounced acts of vandalism by protesters targeting the country's banks a day earlier. But the senior diplomat reserved his harshest words for Lebanese politicians, saying they had only themselves to blame for the chaos. The strongly worded...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK inflation at lowest since late 2016, stokes rate cut talk

Jan. 15, 2020 6:23 AM EST

LONDON (AP) — Inflation in Britain has fallen to its lowest level since November 2016, official figures showed Wednesday, heightening expectations that the Bank of England will cut interest rates this month. The Office for National Statistics said consumer prices rose by 1.3% in the year to December, down...

Anti-government protesters break a bank security camera as other smashes the widows, during ongoing protests against the Lebanese central bank's governor and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon, Tuesday, Jan. 14, 2020. Lebanese security forces lobbed tear gas at protesters who responded with rocks outside the country's central bank Tuesday, a violent turn after demonstrators returned to the streets following a weekslong lull. (AP Photo/Hussein Malla)

Pitched clashes near Lebanon's central bank amid protests

Jan. 14, 2020 5:41 PM EST

BEIRUT (AP) — Lebanese security forces fired volleys of tear gas at protesters who responded with rocks outside the country's central bank in pitched street battles that lasted for hours late Tuesday. The clashes ended a day of rallies that followed a lull in the three-months-long protests. The street...

FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)

Banks post big profits, but lower interest rates are a worry

Jan. 14, 2020 2:57 PM EST

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported a...

An anti-government protester, right, argues with a police officer, as protesters blocking a main road during ongoing protests against the ruling elite of corruption and financial crisis, in Beirut, Lebanon, Monday, Jan. 13, 2020. Lebanon is facing its worst economic crisis in decades, while protests against corruption and mismanagement have gripped the country since October. (AP Photo/Hussein Malla)

Lebanese protesters block road outside central bank

Jan. 13, 2020 5:23 PM EST

BEIRUT (AP) — Lebanese protesters used sandbags and bricks Monday to block a main street outside the country's central bank, protesting financial policies they say deepened a liquidity crunch. Lebanon is facing its worst economic crisis in decades, with the local currency losing over 60% of its value to...

FILE - In this Jan. 3, 2020, file photo the New York Stock Exchange is framed by the columns at Federal Hall National Memorial in New York. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 10. (AP Photo/Mary Altaffer, File)

US stocks pull back from records following jobs report

Jan. 10, 2020 4:31 PM EST

NEW YORK (AP) — U.S. stocks fell from their record heights on Friday after a report showed hiring was a touch weaker than expected last month. Employers added 145,000 jobs across the country in December, short of the 160,000 that economists forecast. But the growth was solid enough to bolster Wall...