Latest Central banking 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.
FILE - In this Tuesday, Jan. 14, 2020 file photo, anti-government protesters smash a bank widows, during ongoing protests against the Lebanese central bank's governor and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon. For years, many Lebanese have lived beyond their means, supporting their out-sized spending with loans and remittances from diaspora relatives. A severe financial crisis and unprecedented capital controls have put a stop to this, uniting rich and poor in anger against a banking system they accuse of holding their deposits hostage. (AP Photo/Hussein Malla, File)

Facing humiliating controls, Lebanese focus fury on banks

Jan. 22, 2020 1:34 AM EST

BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon's capital, Mey Al Sayegh mentally braces herself for what would have been a routine trip before the country's crippling cash crunch. For starters, it will be at least an hour's wait in line before her turn comes. And if she's lucky,...

President Donald Trump meets with Swiss President Simonetta Sommaruga at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. (AP Photo/ Evan Vucci)

AP FACT CHECK: Trump's Davos remarks rife with distortion

Jan. 21, 2020 5:30 PM EST

WASHINGTON (AP) — On a rarefied world stage in the Swiss Alps, President Donald Trump cited accomplishments on clean air that aren't real, a level of economic progress he hasn't achieved and a blue-collar boom yet to be seen. His preening performance at the Davos economic conference was rife with...

Clouds drift over the European Central Bank, right, in Frankfurt, Germany, Saturday, Jan. 18, 2020. (AP Photo/Michael Probst)

Central banks join to study possible digital currencies

Jan. 21, 2020 9:58 AM EST

FRANKFURT, Germany (AP) — Major central banks have joined together to explore whether they should issue digital currencies as the use of cash declines and more people turn to electronic forms of paying. The study group is made up of the European Central Bank, the Bank of Japan, the Bank of Canada, the...

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...

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...

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...