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Brazil's central bank maintains record low 6.5% interest rate

Bras - Brazil's Central Bank maintained its key interest rate at the historic low of 6.5 percent on Wednesday, despite uncertainty related to next month's presidential elections and a weakening of the currency against the dollar.

US Fed warns trade dispute escalation poses 'consequential' economic risk

Washington - An escalation of ongoing US trade disputes poses a "consequential downside risk" to the economy, which will make the job of the central bank more challenging, the US Federal Reserve warned Wednesday.

Venezuela devalues bolivar by 96 percent under new rate: central bank

Caracas - Venezuela's government devalued the bolivar by 96 percent on Tuesday under a new exchange rate announced by the central bank as it desperately tried to steer a way out of its economic crisis.

Venezuela devalues bolivar by 96 percent under new rate: central bank

Caracas - Venezuela has devalued the bolivar by 96 percent under a new exchange rate announced by the central bank on Tuesday.

Brazil's central bank maintains key interest rate at 6.5 percent

Bras - Brazil's Central Bank maintained its key Selic interest rate steady at 6.5 percent on Wednesday, following a bump in inflation prompted by the depreciating real and a painful truck drivers' strike.

US Fed leaves key interest rate unchanged, highlights strong economy

Washington - The US Federal Reserve kept the benchmark lending rate unchanged on Wednesday but stressed the strength of the economy and labor markets, a signal rate increases are ahead.

'Strong' case for further rate hikes: Fed's Powell

Washington - Historically low unemployment and signs of rising inflation mean there is a "strong" case for continued, steady interest rate hikes, US Federal Reserve Chairman Jerome Powell said Wednesday.

US jobs bonanza all but ensures Fed rate hike in June

Washington - The US Federal Reserve this week will raise the key interest rate for the second time in 2018, working to stay one step ahead of inflation.

Turkey hikes interest rate again as vote looms

Ankara - The Turkish central bank on Thursday hiked interest rates for the second time in two weeks, prompting the lira to rally strongly with elections on the horizon.

US firms upbeat despite trade uncertainties: Fed

Washington - Trade uncertainties continue to cast a shadow on US businesses, but firms remain largely upbeat even amid a labor shortage that has forced more to raise wages, the Federal Reserve survey said Wednesday.

Turkey makes sharp emergency rate hike to stem lira losses

Ankara - The Turkish central bank said on Wednesday it had hiked one of its key interest rates 300 basis points (bps) to bolster the lira after the currency plunged to historic lows against the US dollar.

ECB keeps massive stimulus in place as trade headwinds rise

Frankfurt Am Main - European Central Bank chief Mario Draghi warned Thursday of storm clouds on the horizon for the eurozone as fears mount of a global trade war, prompting the bank to keep its massive stimulus scheme in place.

Bank of Canada maintains key lending rate at 1.25%

Ottawa - Canada's central bank on Wednesday maintained its key lending rate at 1.25 percent, as growth slows and the prospect of protectionist US trade policies cast a shadow over the global economy.

US Fed official optimistic on economic outlook

Washington - The outlook for the US economy is upbeat as factors that have been holding down growth, including businesses' reluctance to invest, begin to fade, a US central banker said Monday.

US Fed keeps rates unchanged, says inflation will 'move up'

Washington - The Federal Reserve left the benchmark interest rate unchanged Wednesday after its first policy meeting of 2018, but said it expects inflation to move up this year -- a possible signal of faster rate increases ahead.

US Fed keeps rates unchanged, says inflation will 'move up'

Washington - The Federal Reserve left the benchmark interest rate unchanged Wednesday after its first policy meeting of 2018, but said it expects inflation to move up this year, a possible signal of faster rate increases ahead.

In ECB's 2020 vision, inflation goal elusive

Frankfurt Am Main - The European Central Bank upgraded its growth and inflation forecasts for the coming years Thursday but stood by its massive support to the economy, with President Mario Draghi saying it won't reach its cherished price growth target by 2020.

ECB to play up eurozone strength at steady-as-she-goes meeting

Berlin - The European Central Bank will highlight economic strength in the eurozone in new forecasts Thursday, analysts expect, while avoiding spooking markets with talk of further cuts to its massive support for the economy.

Canada central bank keeps key lending rate at 1 pct

Ottawa - Canada's central bank on Wednesday maintained its key lending rate at one percent, saying it expects an uptick in the economy to moderate as the year comes to an end.

Jerome Powell, Trump's multi-millionaire pick for Fed chief

Washington - Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to replace Janet Yellen at the helm of the US Federal Reserve, could be the richest person to ever fill the role.

Bank of England seen hiking rate for first time in decade

London - The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts.

Bank of England set to hike rate on Brexit effects

London - The Bank of England, on guard against soaring Brexit-fuelled inflation, is on the precipice of lifting its key interest rate Thursday for the first time since 2007, according to analysts.

Fed's Yellen: US economy needs only 'gradual' rate hikes

Washington - Federal Reserve Chair Janet Yellen said Wednesday that even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the next few years.

Fed's Yellen: US economy needs only 'gradual' rate hikes

Washington - Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the few years ahead.

US Fed to raise rates despite sluggish economic data

Washington - For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition.

Iceland booming but no crash in sight, central banker says

Reykjav - Iceland's economy is booming and may overheat but there will be no repeat of the crash that plunged the country into a major financial crisis in 2008, central bank governor Mar Gudmundsson told AFP in an interview.

Brazil likely to speed up rate cuts to fight crisis

Bras - Analysts expect Brazil's central bank to speed up the pace of interest rate cuts on Wednesday as Latin America's biggest economy struggles to escape its worst recession in a century.

Brazil central bank cuts interest rate again

Bras - Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter.

ECB chief Draghi hints interest rates could be cut still further

Frankfurt - European Central Bank chief Mario Draghi hinted Thursday that eurozone interest rates, already at new all-time lows, would fall even lower in the future if area-wide inflation does not pick up soon.

Yellen: Rate hike marks 'end of an extraordinary 7-year period'

Washington - Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.
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