Latest Central banking News

Office lights of the European Central Bank in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)

European Central Bank faces gloomier picture for economy

Jan. 21, 2021 4:07 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep...

People are reflected on the electronic board of a securities firm in Tokyo, Wednesday, Jan. 20, 2021. Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as president, ending President Donald Trump’s four-year term. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. (AP Photo/Koji Sasahara)

Japan shares fall on pandemic worries as rest of Asia rises

Jan. 19, 2021 10:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's...

Swiss attorney general investigates Lebanon's central bank

Jan. 19, 2021 1:53 PM EST

BEIRUT (AP) — The office of Switzerland's attorney general said Tuesday it requested legal assistance from Lebanese authorities for an investigation into possible money laundering and embezzlement tied to Lebanon's central bank. The Swiss attorney general confirmed in a statement it had opened an...

In this aerial photo released by China's Xinhua News Agency, workers build a large centralized quarantine facility capable of holding several thousand people in Shijiazhuang in northern China's Hebei Province, Saturday, Jan. 16, 2021. China on Saturday finished building a 1,500-room hospital for COVID-19 patients in Nangong, south of Beijing in Hebei Province, to fight a surge in infections the government said are harder to contain and that it blamed on infected people or goods from abroad. (Yang Shiyao/Xinhua via AP)

The Latest: China reports a few new cases of COVID-19

Jan. 16, 2021 9:41 PM EST

BEIJING — China on Sunday reported 109 new confirmed COVID-19 cases, two-thirds of them in a northern province that abuts Beijing, and no deaths. There were 72 new cases in Hebei province, where the government is building isolation hospitals with a total of 9,500 rooms to combat an upsurge in infections,...

City worker Carlos Ruiz gives instruction to a COVID-19 patient after delivering a tank of oxygen to her home in the Iztapalapa borough of Mexico City, Friday, Jan. 15, 2021. The city offers free oxygen refills for COVID-19 patients. (AP Photo/Marco Ugarte)

The Latest: Mexico hits another record for COVID-19 cases

Jan. 15, 2021 10:37 PM EST

Mexico posted a record spike in coronavirus cases on Friday, with 21,366 newly confirmed infections, about double the daily rate of increase just a week ago. The country also recorded 1,106 more deaths. It was unclear if the spike was due to the presence of the U.K. virus variant, of which only one case has so...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Powell signals Fed will keep aiding economy with bond buying

Jan. 14, 2021 4:50 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. During an online discussion hosted by Princeton University, from...

Fed survey finds economy slowing in some areas of country

Jan. 13, 2021 4:29 PM EST

WASHINGTON (AP) — A Federal Reserve survey of U.S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a renewed surge of COVID-19 cases. The Fed report released Wednesday said that the bulk of the Fed's 12 regions...

A shopper loads her basket next to a display of paper towels in a Costco warehouse in this photograph taken Wednesday, Nov. 18, 2020, in Sheridan, Colo.  U.S. consumer prices edged up 0.2% in November as a rise in energy costs and variety of other items offset a drop in food costs. The Labor Department reported on Thursday, Dec. 10, that the gain in the consumer price index followed an unchanged reading in October and matched the 0.2% September advance. (AP Photo/David Zalubowski)

Consumer prices up 0.4% in December led by higher gas prices

Jan. 13, 2021 9:26 AM EST

WASHINGTON (AP) — U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices. Last month's increase, the largest in four months, followed a 0.2% rise in November and no change at all in October, according to Labor Department numbers released Wednesday. Inflation for all of 2020...

FILE - In this May 8, 2019, file photo, New Zealand's Reserve Bank Governor Adrian Orr speaks to the media in Wellington, New Zealand. New Zealand's central bank said, Sunday Jan. 10, 2021, that one of its data systems has been breached by an unidentified hacker who has potentially accessed commercially and personally sensitive information. (AP Photo/Nick Perry, File)

New Zealand central bank says data system hacked

Jan. 10, 2021 12:43 AM EST

WELLINGTON, New Zealand (AP) — New Zealand’s central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information. A third party file sharing service used by the Reserve Bank of New Zealand to...

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington.  Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)

Fed transcripts show doubts about need for 2015 rate hike

Jan. 8, 2021 12:31 PM EST

WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief concern was...