Central banking

FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Ukrainian officials on Monday Oct. 21, 2019, lashed out at a parody song targeting Ukraine's former central bank chief Gontareva, and mocking an arson attack on her home which was firebombed last month. (AP Photo/Sergei Chuzavkov, File)
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October 21, 2019 - 10:22 am
KYIV, Ukraine (AP) — Ukrainian officials on Monday lashed out at a comedy show that targeted the former central bank chief by joking about a recent arson attack on her home. Kvartal 95 is arguably the country's most beloved comedy show and was led by Volodymyr Zelenskiy before he was elected...
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October 18, 2019 - 7:09 am
BRUSSELS (AP) — European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank. The former International Monetary Fund managing director will replace Mario Draghi, who has served as ECB president since 2011. The European Council had...
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October 11, 2019 - 1:39 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash...
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FILE - In this Jan. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. (AP Photo/Alex Brandon, File)
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October 10, 2019 - 5:01 pm
WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
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October 10, 2019 - 9:13 am
FRANKFURT, Germany (AP) — Top European Central Bank officials were united over the need for more stimulus at their last meeting but some pushed back against the eventual decision to launch bond purchases that inject newly printed money into the economy. The written account of the meeting released...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
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October 09, 2019 - 2:33 pm
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting released Wednesday...
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Federal Reserve Chairman Jerome Powell speaks at the National Association for Business Economics conference in Denver on Tuesday, Oct. 8, 2019. Powell said that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in August, suggest less upward pressure on wages and inflation. (AP Photo/Thomas Peipert)
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October 08, 2019 - 5:04 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys,...
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FILE - In this April 18, 2018, file photo the World Bank CEO Kristalina Georgieva speaks during the forum Frontiers in Anticorruption at the World Bank/IMF annual spring meeting in Washington. Georgieva, the new head of the 189-nation International Monetary Fund, says the world economy is in the grips of a “synchronized global slowdown” that will result in slower growth for 90% of the world this year. (AP Photo/Jose Luis Magana, File)
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October 08, 2019 - 10:28 am
WASHINGTON (AP) — The new head of the 189-nation International Monetary Fund warned Tuesday that the world economy is in the grips of a "synchronized global slowdown" that will result in slower growth for 90% of the world this year. IMF Managing Director Kristalina Georgieva said that an updated...
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Federal Reserve Chairman Jerome Powell speaks before attending a panel at the Federal Reserve Board Building, Friday, Oct. 4, 2019, in Washington. (AP Photo/Jacquelyn Martin)
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October 04, 2019 - 3:38 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell noted that unemployment is at a half-century low and inflation...
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Reserve Bank of India Governor Shaktikanta Das addresses a press conference in Mumbai, India, Friday, Oct. 4, 2019. India's central bank has cut its key interest by a quarter of a percentage point to 5.15%, a fifth consecutive reduction, and has also lowered its economic growth forecast for the 2019-2020 financial year to 6.1% from 6.9% projected earlier. (AP Photo/Rajanish Kakade)
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October 04, 2019 - 5:03 am
NEW DELHI (AP) — India's central bank cut its key interest rate by a quarter of a percentage point on Friday to 5.15%, its fifth consecutive reduction. That’s the lowest the benchmark rate the Reserve Bank of India charges on lending to commercial banks, its so-called “repo rate,” has been since...
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