Latest Central bank interest rates News

US stocks wobble to a mixed close, indexes keep weekly gains

Nov. 25, 2022 13:45 PM EST

Stocks wobbled to a mixed close on Wall Street Friday, but every major index notched weekly gains in a holiday-shortened week. Investors faced a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street. Markets...

Turkish central bank cuts rates again despite high inflation

Nov. 24, 2022 07:41 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank delivered another outsized interest rate cut Thursday despite inflation running at more than 85% and other countries moving the opposite way to ease the pain of soaring prices. The central bank said its Monetary Policy Committee decided...

Sweden's big interest rate hike follows other central banks

Nov. 24, 2022 07:03 AM EST

STOCKHOLM (AP) — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are undermining people's purchasing power and making it tough for households and companies to plan their finances. ...

Asian shares rise on Fed rate hopes despite China worries

Nov. 23, 2022 23:39 PM EST

TOKYO (AP) — Asian shares gained Thursday, although optimism about the Federal Reserve holding back on aggressive interest rate raises was countered by some uncertainty about coronavirus restrictions in China. Trading was relatively muted in Asia ahead of U.S. markets being closed...

Most Fed officials at last meeting backed slower rate hikes

Nov. 23, 2022 15:09 PM EST

WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time. The central bank's...

Average long-term US mortgage rate slips to 6.58%

Nov. 23, 2022 12:30 PM EST

LOS ANGELES (AP) — The average long-term U.S. mortgage rate has edged lower for the second time in as many weeks, though it remains more than double what it was a year ago —- a significant hurdle for many would-be homebuyers. Mortgage buyer Freddie Mac reported Wednesday that the...

Edmunds: How to mitigate rising auto loan interest rates

Nov. 23, 2022 07:22 AM EST

The Federal Reserve issued its latest interest rate hike in early November. It marks the sixth increase this year and has pushed new auto loan finance rates to their highest since 2019. Rates for used cars have also hit their highest since 2010. This will affect car shoppers this holiday season and...

New Zealand hikes interest rate to 4.25% to fight inflation

Nov. 22, 2022 22:34 PM EST

WELLINGTON, New Zealand (AP) — New Zealand's central bank hiked interest rates Wednesday by a record amount as it tries to get inflation under control. The Reserve Bank of New Zealand increased its benchmark rate by three-quarters of a point to 4.25%. It's the first...

Asian stocks mixed after Wall St slide, China virus fears

Nov. 21, 2022 23:12 PM EST

BEIJING (AP) — Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices gained. Wall Street's benchmark S&P 500 index...

Asian stocks down after Wall St weekly loss on rate fears

Nov. 20, 2022 22:46 PM EST

BEIJING (AP) — Asian stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation. Hong Kong's benchmark fell more than than 3%. Shanghai, Tokyo and Sydney also retreated. Oil...