Latest Economic stimulus News

Eurozone inflation revised down to near 3-year lows

Oct. 16, 2019 6:48 AM EDT

BRUSSELS (AP) — Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices fell by more than initially thought, official figures showed Wednesday. In an update, statistics agency Eurostat found that consumer prices rose by an annual rate of...

European Central Bank minority opposed bond-buying stimulus

Oct. 10, 2019 12:47 PM EDT

FRANKFURT, Germany (AP) — European Central Bank policymakers haggled extensively over several parts of the stimulus package unveiled at their meeting last month, with dissenters objecting to the relaunch of bond purchases aimed at lifting inflation and growth in the 19-country eurozone economy. The written...

Eurozone inflation drops, underlining case for stimulus

Oct. 1, 2019 6:17 AM EDT

BRUSSELS (AP) — Inflation in the 19-country eurozone weakened in September, slipping farther from the European Central Bank's goal and underlining President Mario Draghi's arguments for a recent stimulus package. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in...

Australia cuts key interest rate to record low 0.75%

Oct. 1, 2019 2:35 AM EDT

CANBERRA, Australia (AP) — Australia's central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. The cut follows reductions at the Reserve Bank of Australia board's monthly...

Oil industry group starts $1M fund for community projects

Sep. 25, 2019 12:02 AM EDT

ALBUQUERQUE, N.M. (AP) — An oil industry group has established a fund to boost economic opportunities, address child hunger and support science education. The New Mexico Oil and Gas Association announced the Brighter Future Fund during a news conference Tuesday in Albuquerque, saying nonprofit and...

China central bank says no plans for big economic stimulus

Sep. 24, 2019 4:03 AM EDT

BEIJING (AP) — China's central bank governor said Tuesday its monetary policy will stay "stable and healthy," suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth amid a tariff war with Washington. The People's Bank of China will avoid...

European Central Bank chief: governments must help economy

Sep. 23, 2019 12:36 PM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank's latest package of stimulus measures. Mario Draghi said in remarks Monday before the...

3 NW Indiana counties land long-sought economic designation

Sep. 22, 2019 11:23 AM EDT

MUNSTER, Ind. (AP) — Three northwestern Indiana counties have earned a long-sought federal designation that's expected to open the door for funding to spur economic development. Officials say the U.S. Department of Commerce has declared Lake, Porter and LaPorte counties an Economic Development District....

2 Federal Reserve officials highlight deep divisions

Sep. 20, 2019 12:36 PM EDT

WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...