Latest Monetary policy News

President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)

European Central Bank holds rates, launches policy review

Jan. 23, 2020 11:54 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding ways to...

European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy

Jan. 23, 2020 7:48 AM EST
FRANKFURT, Germany (AP) — European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy.
Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020.  Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)

Lebanese Cabinet faces multiple challenges, growing unrest

Jan. 22, 2020 6:56 PM EST

BEIRUT (AP) — Lebanon's new government made up of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...

A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)

Global stocks slide on growing concern about China virus

Jan. 21, 2020 8:28 AM EST

BEIJING (AP) — Stock and oil prices fell Tuesday as concern about the potential impact of a Chinese disease outbreak increased and a rating agency cut Hong Kong's credit rating for official borrowing due to political tension. Indexes in London and Frankfurt declined and Shanghai, Tokyo and Hong Kong closed...

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...

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...

FILE - In this Tuesday, May 14, 2019, file photo, containers are piled up at a port in Qingdao in east China's Shandong province. China’s exports rose 0.5% in 2019 despite a tariff war with Washington after growth rebounded in December on stronger demand from other markets. Exports to the United States fell 12.5% compared with 2018 after a 14.5% contraction in December, customs data showed Tuesday, Jan. 14, 2020. (Chinatopix via AP, File)

China welcomes currency decision ahead of trade deal with US

Jan. 14, 2020 6:23 AM EST

BEIJING (AP) — China on Tuesday welcomed a U.S. decision ahead of the signing of a trade deal with Beijing to drop it from a list of governments accused of manipulating the value of their currencies to gain an unfair advantage in trade. Just two days ahead of the planned signing of the interim agreement...

FILE - In this April 25, 2018, file photo, attendees visit the Ford booth during Auto China 2018 show held in Beijing, China.  China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington.
Sunday, Dec. 15, 2019’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed. (AP Photo/Ng Han Guan, File)

US drops designation of China as currency manipulator

Jan. 13, 2020 6:00 PM EST

WASHINGTON (AP) — The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that's intended to prevent China from...

US drops its designation of China as currency manipulator in advance of trade-pact signing

Jan. 13, 2020 5:01 PM EST
WASHINGTON (AP) — US drops its designation of China as currency manipulator in advance of trade-pact signing.
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...