Latest Central bank interest rates News

Trump team predicts an economic boom, defying most analysts

Aug. 17, 2018 12:06 AM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Where White House touts a boom, most economists see a blip

Aug. 16, 2018 9:24 PM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Fed rate policy unintentionally pressures emerging economies

Aug. 15, 2018 2:12 PM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...

How US Fed is unintentionally squeezing developing economies

Aug. 15, 2018 6:46 AM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...

Turkey tries to contain crisis but currency keeps falling

Aug. 13, 2018 12:26 PM EDT

ANKARA, Turkey (AP) — Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over...

Why Turkey's currency is plunging and what it means

Aug. 13, 2018 12:16 PM EDT

ISTANBUL (AP) — Turkey's currency and stock market kept on falling Monday, weighed down by investor fears about the country's economic policies and worsening relations with the United States. The lira fell as low as 6.89 to the dollar Monday, down about 7 percent on the day and 45 percent since the start...

Turkish turmoil knocks US and European stocks lower

Aug. 10, 2018 4:53 PM EDT

NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its financial...

Why Turkey's currency is plunging and what it means

Aug. 10, 2018 10:49 AM EDT

ISTANBUL (AP) — The tumble in Turkey's currency on Friday signaled deepening pessimism about the country's economy after months of market declines. The lira fell as low as 6.75 to the dollar, down a whopping 14 percent on the day and 41 percent since the start of the year as investors worry about the...

UK rates raised to highest since 2009 despite Brexit worries

Aug. 2, 2018 11:06 AM EDT

LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise the rate from...

Global stocks extend losses on China-US trade worries

Aug. 2, 2018 7:50 AM EDT

BANGKOK (AP) — World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. KEEPING SCORE: The DAX index in export-reliant Germany tumbled 1.6 percent to 12,534 and the CAC 40...