Latest Central banking News

China's central bank says Evergrande risks 'controllable'

Oct. 15, 2021 10:03 AM EDT

BEIJING (AP) — China’s central bank said Friday that financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers. Evergrande is...

IMF warns economy recovery threatened by virus, inflation

Oct. 14, 2021 16:17 PM EDT

WASHINGTON (AP) — The International Monetary Fund is warning of rising threats to the global economic recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation. The lending agency called Thursday for greater efforts from wealthy nations to boost...

US wholesale prices rose record 8.6% over 12 months

Oct. 14, 2021 10:10 AM EDT

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its producer price index,...

Asian shares rise as Wall Street tech gain boosts optimism

Oct. 14, 2021 00:08 AM EDT

TOKYO (AP) — Asian shares were mostly higher on Thursday, tracking an overnight rally on Wall Street as investors sought out bargains, including technology stocks. Benchmarks rose in Tokyo, Seoul and Sydney in morning trading. Markets in Hong Kong were closed for a...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

Inflation knocks businesses off balance as recovery slows

Oct. 07, 2021 10:30 AM EDT

Companies will soon start reporting their latest quarterly financial results and investors have been warned that inflation is going to sting. Retailers, auto makers and a wide range of manufacturers have all warned investors that a supply chain crunch and higher raw...

As Lebanese got poorer, politicians stowed wealth abroad

Oct. 06, 2021 14:00 PM EDT

BEIRUT (AP) — A trove of leaked documents confirmed that for years, Lebanon’s politicians and bankers have stowed wealth in offshore tax havens and used it to buy expensive properties — a galling revelation for masses of newly impoverished Lebanese, caught in one of the world's worst...

Poland raises interest rates, seeking to tame inflation

Oct. 06, 2021 11:55 AM EDT

WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The annual inflation rate rose to 5.8% in September, the...

Fed watchdog to investigate officials' financial trades

Oct. 04, 2021 20:39 PM EDT

WASHINGTON (AP) — An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank. The Federal Reserve’s Office of...

Venezuela introduces new currency with 6 fewer zeros

Oct. 01, 2021 18:30 PM EDT

CARACAS, Venezuela (AP) — A new currency with six fewer zeros debuted Friday in Venezuela, whose currency has been made nearly worthless by years of the world’s worst inflation. But the new bills were difficult to find in the capital, where consumers' fears that...