Instead, the central bank moved in the opposite direction, cutting rates twice that year to bring its rate to 0.5 per cent, where it currently sits... READ MORE›
After better than expected growth in the global economy, Bank says financial markets are vulnerable to unforeseen negative news... READ MORE›
India's goods-producing economy advanced on its recovery path, with operating conditions improving at the strongest pace since December 2012, said Aashna Dodhia, an economist at IHS Markit... READ MORE›
China will maintain prudent monetary policy and reasonable loan growth in 2018, central bank chief Zhou Xiaochuan said in comments published on Sunday... READ MORE›
China's central bank to raise reserve funds ratio of third-party payment firms to 50 percent... READ MORE›
China's central bank said it will skip open market operations for the third straight trading day on Tuesday... READ MORE›
The government has been urging the central bank to cut interest rates to encourage investment... READ MORE›
The unified movement suggests that investors see the Fed's interest rate moves tied to soaring equities markets... READ MORE›
The currency may initially strengthen because Russia's comparatively high returns will lure investors, even as the central bank lowers interest rates, he said... READ MORE›
Bank of Montreal economist Doug Porter says that's because the bank in its statement said it would continue to be cautious about setting monetary policy... READ MORE›
Canada, the United States and Mexico's renegotiation of the North American Free Trade Agreement appears to be headed toward a deadlock... READ MORE›
Board member Cho Dong-chul dissented in the 6-1 vote to raising interest rates to 1.50 percent... READ MORE›
UK shoppers cut spending by most in more than four years Visa... READ MORE›
Energy stocks also struggled as crude slipped below 57 a barrel amid rising tensions in the Persian Gulf... READ MORE›
Year-on-year growth accelerated to 3.6 percent in the third quarter from 2.7 percent in the second quarter, also beating forecasts... READ MORE›
Inflation has plunged from double-digits to less than 3 percent, far below the official target of 4.5 percent... READ MORE›
Data out on Thursday showed the unemployment rate slipped to 5.5 percent, compared with analysts' expectations for a steady 5.6 percent... READ MORE›
G-20 finance chiefs, upbeat on world economy, affirm coordination over risks... READ MORE›
Five hundred rupee 7.5 and 1,000 rupee notes will cease to be legal tender from Wednesday, Prime Minister Narendra Modi said in an unscheduled address to the nation... READ MORE›
For a QuickTake explainer on Venezuela's economy, click here Until now, as the bolivar sank, the government declined to print bigger-denomination bills... READ MORE›
Even the relatively more internationalist Democratic candidate has argued for the renegotiation of longstanding free-trade agreements... READ MORE›
The notes would make a pile 300 times the height of Everest... READ MORE›
Libya's daily oil production before the 2011 uprising stood at 1.6 million barrels... READ MORE›
But Mr White said it would be a good start for governments to stop depending on central banks to do their dirty work... READ MORE›
A European Central Bank ECB survey showed that inflation would remain at worryingly low levels before picking up slightly next year... READ MORE›
Yields on U.S. 30-year bonds, which are more sensitive than shorter maturities to the outlook for inflation, jumped the most this week since January 2009... READ MORE›
Mortgage carrying costs to rise 8 percent for new buyers next year, Scotiabank says... READ MORE›
Further intensifying the squeeze is a rising cost of living, with electricity prices climbing as much as 20 percent in New South Wales state next month... READ MORE›
London house prices most overvalued in the world, says UBS... READ MORE›
The regulator in January removed regulations limiting lenders from buying and selling foreign currency outside a 4 percent band on either side of the official exchange rate... READ MORE›
Trump's spending plans are driving speculation the Fed will pick up its pace of rate increases as inflation expectations climb... READ MORE›
Loose monetary policy can also spur higher inflation, which reduces the debt burden for poorer members of society and also promotes job creation... READ MORE›
Oil and gas contributed 40 percent of Russia's budget revenue in 2016... READ MORE›
Currencies Japan's currency rose 0.5 percent against the dollar, as the euro briefly fell below 1.10 for the first time since July... READ MORE›
In Singapore, paring the week's advance to 1.7 percent, according to Bloomberg generic pricing... READ MORE›
The targets for inflation and reduction in unemployment were on track, the Fed said in a statement... READ MORE›
Inflation is gathering strength, and it's set to accelerate faster than the central bank predicts in its forecast, Seidler said... READ MORE›
Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain'... READ MORE›
One day, the house of cards will collapse, Issing said in an interview with the journal Central Banking... READ MORE›
Kansas City Fed President Esther George, Cleveland's Loretta Mester and Eric Rosengren of Boston dissented at the meeting in favor of higher rates... READ MORE›
Low-interest rate regimes across Europe have pushed prices in London, Stockholm, Munich and Zurich to record levels, after accounting for inflation... READ MORE›
Brent for December settlement dropped 1.4 percent to 52.41 a barrel on the London-based ICE Futures Europe exchange... READ MORE›
The central bank trimmed its outlook for growth this year to 1.1 per cent, from the 1.3 per cent it had forecast in July... READ MORE›
The yuan has depreciated 7.8 percent against the U.S. dollar since the central bank devalued the currency in August last year... READ MORE›
A question that our central bankers were unable to resolve was why inflation remains so low... READ MORE›
The Russian currency has come under strong pressure in recent days with Brent crude futures losing 8.1 percent since March 7... READ MORE›
I don't think there's an inflation issue in China, it's an asset bubble, said Commerzbank senior emerging market economist Zhou Hao in Singapore... READ MORE›
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