44 h. ago Russia cuts interest rate to 17% as strains show in wartime economy

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank had raised its key rate as high as 21% to combat inflation, but has begun to retreat […]

Culture

51 h. ago ECB Officials Diverge on Rates as Villeroy Says Cut Is Possible

European Central Bank officials offered diverging views on the next step for interest rates, highlighting the sense of uncertainty overshadowing euro-zone monetary policy at present.

Other

51 h. ago ECB Officials Diverge on Rates as Villeroy Says Cut Possible

European Central Bank officials offered diverging views on the next step for interest rates, highlighting the potential for disagreement over euro-zone monetary policy.

Other

5 d. ago Chile Consumer Prices Unexpectedly Stay Flat Before Interest Rate Decision

Chile’s consumer prices were flat last month according to a report published Monday, surprising economists to the downside and keeping an interest rate cut on the table at tomorrow’s central bank decision.

Economics

8 d. ago Thai Central Bank Chief Tipped for Finance Minister Job: Reports

Thailand’s central bank governor Sethaput Suthiwartnarueput is among the leading candidates for the role of finance minister in a cabinet under new Prime Minister Anutin Charnvirakul, according to multiple Thai media outlets.

Politics

8 d. ago Poland’s Kotecki Mulls October Rate Cut If Power Costs Capped

Poland’s central bank may discuss cutting interest rates again next month if the country manages to extend a price cap on electricity prices, according to Monetary Policy Council member Ludwik Kotecki.

Economics

8 d. ago Gold Stocks Break 2011 Record High as Investors Seek Safe Havens

Trade anxiety, geopolitics and threats to the US central bank’s independence have driven investors to the safety of gold, sparking a massive rally in miners of the precious metal.

Economics

8 d. ago Poland Seeks to Extend Power Price Cap, Enabling More Rate Cuts

Poland’s government is optimistic about quickly passing legislation to extend a cap on power prices, a move that the central bank governor said would boost the chances for another interest rate cut.

Economics

9 d. ago Trump’s Fed nominee says he’d keep his White House job even if confirmed by the Senate

WASHINGTON (AP) — Stephen Miran, President Donald Trump’s pick to join the Federal Reserve board, said Thursday that he would remain a White House employee even if the Senate confirms him to fill an unexpired term at the central bank. Miran, who was nominated to fill a gubernatorial term set to expire in January, made […]

Economics

1 week ago Gold Holds Close to Record as Demand for Precious Metals Surges

Gold held just below a record high and silver traded above $40 an ounce, as the prospect of Federal Reserve rate cuts and growing concerns over the central bank’s future gave fresh legs to the multi-year rally in precious metals.

Sport

1 week ago S. Korea’s Inflation Eases, Giving BOK More Room to Resume Cuts

South Korea’s consumer inflation cooled to the slowest pace this year, giving the central bank more room to resume its monetary easing cycle at its next policy meeting in October.

Economics

1 week ago Korea’s Inflation Eases, Giving BOK More Room to Resume Cuts

South Korea’s consumer inflation cooled to the slowest pace this year, giving the central bank more room to resume its monetary easing cycle at its next policy meeting in October.

Economics

2 w. ago How the Fed losing its independence could affect Americans’ everyday lives

WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he […]

Other

2 w. ago Treasuries Hold Weekly Advances as Inflation Gauge Stabilizes

US Treasuries maintained their weekly gains fueled by anticipation of Federal Reserve interest rate cuts after the central bank’s preferred gauge of inflation matched economist estimates.

Economics

2 w. ago French, Spanish and Italian Inflation Comes In Below Forecasts

Inflation in three of Europe’s top economies was a touch less than expected this month, though the data suggest price growth for the region as a whole is unlikely to deviate much from the European Central Bank’s 2% target.

Economics

2 w. ago Undermining Fed Independence Creates Big Risks, ECB’s Rehn Warns

The autonomy of the Federal Reserve is being tested for the first time in decades, leading to “significant” risks for markets and the economy, according to European Central Bank Governing Council member Olli Rehn.

Other

2 w. ago Bessent Repeats Call for Fed Review After Lisa Cook Incident

Treasury Secretary Scott Bessent repeated his call for Federal Reserve Chair Jerome Powell to conduct an internal review of the central bank, and referred to mortgage-fraud allegations about Fed board member Lisa Cook as the type of thing that should be included.

Other

2 w. ago Poland’s Wnorowski Sees Rate Cut Next Week, Followed by Pause

Poland’s central bank is set to cut interest rates by a quarter point next week before a likely pause in its monetary easing, according to Monetary Policy Council member Henryk Wnorowski.

Other

2 w. ago Gold Holds Gain as Trump Amps Up Threats to Fed Governor Cook

Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.

Politics

2 w. ago Bank of Canada’s Macklem says housing affordability to become more of a focus in mandate review

'Cost of housing affects inflation,' says governor in speech Tuesday in front of Mexico's central bank in Mexico City

Other