Latest Central bank interest rates News

World shares mostly higher ahead of US price data

Jun. 24, 2021 04:54 AM EDT

BANGKOK (AP) — World shares were mostly higher Thursday as investors awaited new U.S. inflation data. Benchmarks rose in Paris, Frankfurt and Hong Kong but were flat in Tokyo and Shanghai. Fresh data on inflation will come on Friday with the...

Asian shares mostly higher after listless session on Wall St

Jun. 24, 2021 00:34 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent bout of nerves over Federal Reserve policy fades. Markets advanced in Tokyo, Seoul and Hong Kong while Sydney and Shanghai declined. ...

Czech central bank raises key rate to 0.5% to tame inflation

Jun. 23, 2021 09:10 AM EDT

PRAGUE (AP) — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as the economy recovers from the coronavirus pandemic. Several members of the bank’s board had earlier indicated that...

Powell says economy growing rapidly, inflation up 'notably'

Jun. 21, 2021 19:54 PM EDT

WASHINGTON (AP) — The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday at a congressional oversight hearing. Still, Powell reiterated his view that...

Asian shares mostly rise as markets digest Fed moves

Jun. 17, 2021 23:58 PM EDT

TOKYO (AP) — Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark added 0.3% in morning trading to 29,108.23. South Korea's Kospi edged 0.1% higher...

How major US stock indexes fared Thursday

Jun. 17, 2021 16:42 PM EDT

Most stocks ended lower on Wall Street Thursday as investors continued to interpret new guidance from the Federal Reserve, which is now looking at potentially raising interest rates as soon as 2023. Banks were one of the biggest drags on the market as bond yields fell....

US average mortgage rates mostly lower; 30-year at 2.93%

Jun. 17, 2021 14:02 PM EDT

WASHINGTON (AP) — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent bursts of inflation were deemed temporary by federal policymakers. Mortgage buyer Freddie Mac reported Thursday that...

Turkey's central bank keeps interest rate unchanged at 19%

Jun. 17, 2021 08:00 AM EDT

ISTANBUL (AP) — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday. The bank said in a statement that the interest rate would be determined at a level about inflation and a “tight” monetary policy would continue “to maintain...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Jun. 16, 2021 23:19 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously...

Fed sees earlier time frame for rate hikes with inflation up

Jun. 16, 2021 18:19 PM EDT

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. ...