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ECB fires off volley of anti-deflation shots

Frankfurt - The European Central Bank rolled out Thursday an unprecedented package of measures, including negative interest rates, in its fight to head off the spectre of deflation in the euro area.
In the Media by Simon Morgan (AFP)

ECB to hold fire on rates but could move soon

Brussels - The European Central Bank will keep its gunpowder dry at its monthly meeting Thursday, but could pave the way to act soon if deflationary dangers persist, analysts said.
In the Media by Simon Morgan (AFP)

Greece's short-term debt rates drop after bond issue

Athens - Greece's short-term borrowing costs tumbled on Tuesday, days after the crisis-hit country returned to medium-term international bond markets for the first time for four years. Athens paid 2.75 percent interest on 1.625 billion euros ($2.
In the Media by AFP

Ukraine currency recovers after 46% interest rate hike

Kiev - Ukraine's currency steadied on Tuesday from heavy falls after the crisis-hit country's central bank unexpectedly raised its key interest rate by nearly 50 percent to boost consumer confidence and stop spiralling inflation.
In the Media by Dmitry Zaks (AFP) - 1 comment

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.
In the Media by AFP

Steady stimulus taper 'likely': Fed minutes

Washington - Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.
In the Media by AFP

Bank of England set to hold record-low interest rates

London - The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.
In the Media by Roland Jackson (AFP)

Tight budget less crucial with interest rates low: IMF

Washington - Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
In the Media by AFP

ECB holds key rate steady at 0.25% 

Frankfurt - The European Central Bank held its key interest rates steady as widely expected on Thursday. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.
In the Media by AFP

Brazil hikes key rate to 11 percent

Braz - Brazil raised its key interest rate by 25 basis points to 11 percent, as Latin America's largest economy scrambled to contain inflation.
In the Media by AFP

India keeps rates on hold ahead of election

Mumbai - India's central bank kept key interest rates steady on Tuesday in a widely anticipated move less than a week before the start of national elections.
In the Media by Aditya Phatak (AFP)

Hungary cuts base rate to new record low

Budapest - Hungary's central bank cut its main interest rate to a record low 2.60 percent on Tuesday, in an effort to boost the economy before elections on April 6.
In the Media by AFP

Yellen confounds in first policy announcement

Washington - Did Janet Yellen bungle her first press conference?
In the Media by Virginie Montet (AFP)

Swiss central bank leaves key rates unchanged

Z - Switzerland's central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.The Swiss National Bank (SNB) held its target range for the franc's three-month Lond...
In the Media by AFP

New Fed Chair Yellen keeps policy on track

Washington - New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused.But she also took a crucial step to reshape how the Fed has sign...
In the Media by Paul Handley (AFP)

Fed lowers US growth projections for 2014, 2015

Washington - The Federal Reserve cut back its US economic growth forecasts for this year and next on Wednesday, but said the unemployment rate would fall faster than it forecast in December.The Fed said the economy was expected to grow 2.8-3.0 percent in 2014 and 3...
In the Media by AFP

Yellen poised to place stamp on US Fed policy

Washington - Federal Reserve chief Janet Yellen is poised Wednesday to place her stamp on US monetary policy, challenged to balance a recently sluggish economy against the drawdown of the Fed's stimulus.Yellen, who took the reins of the US central bank on February ...
In the Media by Paul Handley (AFP)

Yellen pressured to clarify Fed rate signals

Washington - Janet Yellen opens her first monetary policy meeting as Federal Reserve chair Tuesday amid pressure to clear up questions about the Fed's plans for hiking its base interest rate.The Federal Open Market Committee is not expected to move off its current ...
In the Media by Paul Handley (AFP)

U.S. regulator sues major banks over Libor manipulation

New York - The U.S. Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights for manipulating the Libor benchmark interest rate.The manipulation caused "substantial losses" to 38 US banks that were shut down.
In the Media by AFP

U.S. FDIC sues major banks over Libor manipulation

New York - The US Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights on Friday for manipulation of the Libor benchmark interest rate.The regulator said the manipulation caused "substantial losses" to...
In the Media by AFP

ECB 'not complacent about low inflation': board member

Frankfurt - The European Central Bank is not being complacent about low eurozone inflation, even though it did not cut interest rates this month, one of its a board members said on Tuesday."We have room left to act.
In the Media by AFP

ECB holds key rate steady at 0.25%

Frankfurt - The European Central Bank held its key interest rates steady as largely expected on Thursday.
In the Media by AFP

Bank of England holds interest rate at 0.50%

London - The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent, five years after deciding to cut borrowing costs to the current record-low level.Policymakers agreed by majority also to maintain the level of central bank stimulus p...
In the Media by AFP

Australian central bank keeps rates on hold

Sydney - Australia's central bank on Tuesday kept interest rates at a record low 2.5 percent for a sixth straight month despite continued weakness in the economy, and suggested it was likely to hold fire for some time."In the board's judgement, monetary policy ...
In the Media by AFP

Some Fed officials sought early rate hike: FOMC minutes

Washington - Some Federal Reserve policy makers sought an early hike in its benchmark interest rate, minutes from their January meeting showed Wednesday.The minutes of the Federal Open Market Committee meeting of January 28-29 said "a few" members saw it appropriat...
In the Media by AFP

Italian borrowing costs drop to eight-year low

Rome - Italy's borrowing costs dropped to an eight-year low on Monday, after rating agency's Moody's raised outlook and as the country awaited a new, reform-driven government.On Friday, Moody's raised the outlook for the Italian economy from negative to stabl...
In the Media by Jean Baptiste OUBRIER (AFP)

Russia says ready to raise rates to shore up ruble

Moscow - Russia's Central Bank signalled on Friday it could tighten policies in response to a plunge of the ruble outpacing other emerging currencies.The Central Bank met market expectation by leaving its key interest rate unchanged at 5.50 percent on Friday, b...
In the Media by AFP

ECB holds fire on rates, but says ready to act if needed

Frankfurt - The European Central Bank played down deflationary fears and held its key interest rates steady on Thursday, but vowed to do whatever was needed to get the eurozone economy back on its feet.
In the Media by Simon Morgan (AFP)

World stocks find firmer ground after rout

London - European stocks stabilised and Wall Street rebounded following a rout in global stocks triggered by weak US data and worries about emerging markets.London's benchmark FTSE 100 index ended the day down 0.25 percent at 6,449.
In the Media by Roland Jackson (AFP)

US growth boosts markets, steadies emerging currencies

London - Strong US growth figures brought a reprieve to markets on Thursday after a Federal Reserve stimulus cut rattled emerging economy currencies despite rate rises by India, South Africa and Turkey.
In the Media by Roland Jackson (AFP)
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