Tag: rates

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World News

China cuts key rates as weak batch of July data darkens economic outlook

A worker welds at a market under construction in Kunming, Yunnan province, August 12, 2015. REUTERS/Wong Campion/File Photo
A worker welds at a market under construction in Kunming, Yunnan province, August 12, 2015. REUTERS/Wong Campion/File Photo
Estimated read time 1 min read

China’s industrial output, retail sales growth slows July data adds to recent raft of weak indicators, point to sluggish recovery Central bank cuts one-year MLF […]

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Hot News

Minutes Show an Uncertain Fed Poised to Raise Interest Rates Further to Quell Sticky Inflation

Federal Reserve Chair Jerome Powell attends a news conference following a Federal Open Market Committee meeting, June 14, 2023, at the Federal Reserve Board Building in Washington
Federal Reserve Chair Jerome Powell attends a news conference following a Federal Open Market Committee meeting, June 14, 2023, at the Federal Reserve Board Building in Washington
Estimated read time 1 min read

When Federal Reserve policymakers met last month to consider raising interest rates, they appeared as surprised as ordinary Americans about why the central bank’s historic […]

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Hot Events

Bank of England hikes rates to 5% in surprise move

People walk outside the Bank of England in the City of London financial district in London, Britain May 11, 2023
People walk outside the Bank of England in the City of London financial district in London, Britain May 11, 2023
Estimated read time 2 min read

LONDON, June 22 (Reuters) – The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there […]