Central bank interest rates

Dark clouds hang over the city with its bank buildings in Frankfurt, Germany, on a windy Thursday morning, March 7, 2019. (AP Photo/Michael Probst)
March 07, 2019 - 9:12 am
FRANKFURT, Germany (AP) — The European Central Bank took unexpectedly quick action on Thursday to support a slowing economy, joining the U.S Federal Reserve and Chinese leadership in their attempts to counter worries about global growth. The central bank for the 19 countries that use the euro...
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Federal Reserve Board Chair Jerome Powell testifies before the House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/Pablo Martinez Monsivais)
February 27, 2019 - 12:35 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end the reduction of the size of its massive bond portfolio, which looks likely by the end of the year. Powell, delivering the Fed's semiannual monetary report to Congress, faced a...
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Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Feb. 27, 2019. (AP Photo/Pablo Martinez Monsivais)
February 27, 2019 - 9:10 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to the Congress (all times local): ___ 11:40 a.m. Federal Reserve Chairman Jerome Powell says that the Fed is making its decisions on interest rates based on "our best thinking" and not political considerations...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Tuesday, Feb. 26, 2019 in Washington. (AP Photo/Kevin Wolf)
February 26, 2019 - 9:48 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to Congress (all times local): ___ 12:15 p.m. Federal Reserve Chairman Jerome Powell wraps up more than two hours of Senate testimony by giving a broader definition of what the Fed means when it says it will be "...
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February 22, 2019 - 8:30 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 1:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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A currency trader works near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 7, 2019. Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. (AP Photo/Lee Jin-man)
February 06, 2019 - 7:53 pm
SINGAPORE (AP) — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. Markets in China, Hong Kong and Taiwan were closed for Lunar New Year. Philip Lowe, the governor of...
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February 04, 2019 - 6:39 pm
WASHINGTON (AP) — The Federal Reserve says Chairman Jerome Powell had dinner at the White House with President Donald Trump on Monday, but the two men did not discuss the future course of interest rates. The Fed says Trump and Powell were joined by Treasury Secretary Steven Mnuchin and Federal...
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A man rides a bicycle past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 31, 2019. Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December. (AP Photo/Eugene Hoshiko)
January 30, 2019 - 7:53 pm
BANGKOK (AP) — Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December. KEEPING SCORE: Japan's Nikkei 225 index surged 1.3 percent to 20,833.59 and the Hang Seng in Hong Kong also gained 1.3 percent, to 28,001.17. South Korea's...
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FILE - In this Dec. 19, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington DC. With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be looking to hear Powell sound a reassuring theme that a pause in the Fed’s rate hikes could last a while. (AP Photo/Susan Walsh, File)
January 30, 2019 - 3:03 pm
WASHINGTON (AP) — The Federal Reserve held its benchmark interest rate steady Wednesday and sent its strongest signal to date that it sees no need to raise rates anytime soon. Its message ignited a rally on Wall Street, which cheered the prospect of continued modest borrowing rates for the near...
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