Latest Central bank interest rates News

Asian shares mixed on China developer, virus concerns

Sep. 23, 2021 23:41 PM EDT

TOKYO (AP) — Asian shares were mixed Friday amid concerns over troubled Chinese real estate developer Evergrande and over the pandemic. Japan’s benchmark jumped after reopening from Thursday’s national holiday, but shares were little changed in South Korea and...

Turkish central bank bows to Erdogan's pressure to cut rates

Sep. 23, 2021 08:40 AM EDT

ISTANBUL (AP) — Turkey’s Central Bank unexpectedly cut the main interest rate by one percentage point on Thursday, bowing to President Recep Tayyip Erdogan’s demand for lower borrowing rates to boost growth. The bank’s monetary committee cut the policy rate from...

Norway ups key policy rate, cites normalized economy

Sep. 23, 2021 04:51 AM EDT

COPENHAGEN, Denmark (AP) — Norway’s central bank on Thursday raised its key policy interest rate by a quarter of a percentage point to 0.25%, citing the normalization of the economy that suggest “there is no longer a need to maintain the current degree of monetary accommodation.” ...

Asian shares, Wall Street hold gains after Fed statement

Sep. 22, 2021 21:54 PM EDT

Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S....

Under pressure, Powell says Fed to revamp its trading rules

Sep. 22, 2021 19:09 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest. ...

Fed likely to signal a coming pullback in economic support

Sep. 20, 2021 11:46 AM EDT

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it's given the economy since the pandemic struck 18 months...

Fed reviews ethics policies after prolific trading uncovered

Sep. 16, 2021 15:29 PM EDT

WASHINGTON (AP) — The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year. Robert Kaplan,...

Asian shares mostly higher after US Fed signals on low rates

Aug. 29, 2021 22:47 PM EDT

TOKYO (AP) — Asian shares were mostly higher Monday, as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 27,686.18....

Stocks rally to records amid relief rates will remain low

Aug. 27, 2021 16:30 PM EDT

NEW YORK (AP) — Wall Street rallied to records on Friday after the head of the Federal Reserve said it's still far from pulling interest rates off the record low that's helped markets soar, even if it does begin dialing back its support for the economy later this year. ...

Powell: Fed on track to slow aid for economy later this year

Aug. 27, 2021 15:06 PM EDT

WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. ...