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Brazil's central bank cuts interest rates to record low

Bras - Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy.The bank cut its main rate to six percent from the previous historic low of 6.

ECB set to sketch path for new stimulus

Frankfurt Am Main - The European Central Bank is likely to point Thursday to a cut in interest rates in September, analysts say, although recent hints about kick-starting sluggish growth and inflation might even bring forward a move to this week.

ECB under pressure to ease growth, inflation fears

Vilnius - European Central Bank chief Mario Draghi is expected to outline plans on Thursday to offer fresh assistance to banks and hint at further options to counteract rising worries about growth and inflation in the eurozone.

US business debt a 'moderate' economic risk: US Fed's Powell

Washington - The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said Monday.

Independence has served central banks well: IMF's Lagarde

Washington - Government respect for the independence of central banks has served them well in their mission, International Monetary Fund chief Christine Lagarde said Saturday.

ECB to hold course as threats to growth linger

Frankfurt Am Main - The European Central Bank will hint Wednesday at moves to support the eurozone economy but stop short of new action, analysts expect, as the Frankfurt institution eyes lingering political risks.

Brazil central bank holds rates steady despite slowdown

Bras - Brazil's interest rates remained unchanged Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed's Powell: US inflation to fall further below 2% target

Washington - Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank's two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday.

Fed says US growth easing as global risks rise

Washington - The Federal Reserve believes US growth will "step down" this year from last year's rapid pace amid rising global risks, including from tense trade relations, according to minutes released Wednesday.

US Federal Reserve to remain patient on interest rates

Washington - The Federal Reserve will make its first interest rate announcement of the year on Wednesday but almost certainly will make it clear it will remain patient about any further moves.

Fed poised to signal pause in US interest rate hikes

Washington - The US Federal Reserve will wade into a charged political atmosphere on Wednesday, with another interest rate hike likely but accompanied by a strong sign it will hold off on further increases.

Trump's barbs cast shadow over Fed meeting

Washington - The US central bank is set to open its two-day policy meeting on Tuesday and despite renewed attacks from President Donald Trump is expected to announce the fourth interest rate increase of 2018.

End of an era as ECB set to withdraw crisis-fighting stimulus

Frankfurt Am Main - A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing risks.

Brazil central bank keeps interest rate on hold at 6.5%

Bras - Brazil's central bank kept its benchmark interest rate unchanged Wednesday at 6.5 percent, in its first meeting since far-right President-elect Jair Bolsonaro was elected with a pledge to slash government spending.

US firms face tariff-fueled price hikes, widespread labor shortages: Fed

Washington - US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labor shortages, the Federal Reserve said Wednesday.

Trump says Fed 'out of control' but won't fire Powell

Washington - President Donald Trump renewed his attacks on the US central bank on Thursday, saying it was "out of control" in raising interest rates but saying he had no plans to dismiss Federal Reserve Chairman Jerome Powell.

Mnuchin plays down US market swoon as global rout rolls on

Nusa Dua - Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases.

IMF chief defends rate hikes after Trump slams 'crazy' Fed

Nusa Dua - IMF chief Christine Lagarde on Thursday defended central bank rate hikes in a veiled rebuke to Donald Trump after the US president blamed "crazy" Fed policies for contributing to financial market turmoil.

Leaders need to fix broken economic models: IMF chief

Nusa Dua - World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.

US Fed raises benchmark interest rate amid strong economy

Washington - With the US economy still strong, the Federal Reserve raised the benchmark interest rate on Wednesday for the third time this year but showed no indication it would be more aggressive in efforts to head off inflation.

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.
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