Central banking

FILE - In this June 6, 2018, file photo, a motorcyclist rides past the Bank Negara Malaysia in Kuala Lumpur, Malaysia. Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, March 3, 2020, citing worsening economic conditions from the virus outbreak in a growing number of countries. The central bank said it expects economic growth to be stunted in this quarter as tourism and consumer spending take a hit from weaker demand. (AP Photo/Sadiq Asyraf, File)
1010 WINS Newsroom
March 03, 2020 - 3:48 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries. The Bank Negara Malaysia said it expects economic growth to be...
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FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
1010 WINS Newsroom
March 03, 2020 - 12:35 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)
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March 03, 2020 - 12:12 am
TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven...
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President of the European Central Bank Christine Lagarde addresses an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference COP26 at Guildhall in London, Thursday Feb. 27, 2020. The 2020 United Nations Climate Change Conference COP26 will be hosted in Glasgow from November 9 - November 19, 2020 under the presidency of the UK. (Tolga Akmen/Pool via AP)
1010 WINS Newsroom
March 02, 2020 - 5:57 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the new coronavirus. Christine Lagarde said in a statement that the...
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1010 WINS Newsroom
March 02, 2020 - 5:00 pm
FRANKFURT, Germany (AP) — European Central Bank head Lagarde: Bank is "ready to take appropriate and targeted measures" to support economy.
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
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March 02, 2020 - 7:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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A vendor wearing a face mask stands by a stall in Venice, Italy, Friday, Feb. 28, 2020. Authorities in Italy decided to re-open schools and museums in some of the areas less hard-hit by the coronavirus outbreak in the country which has the most cases outside of Asia, as Italians on Friday yearned for a return to normal life even amid fears that the outbreak could plunge the country's economy into recession. (Claudio Furlan/Lapresse via AP)
1010 WINS Newsroom
February 28, 2020 - 3:41 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell pledged Friday that the Fed will “use our tools" to support the economy, an effort to ease fears over the viral outbreak and a strong signal of a likely rate cut, perhaps at its next meeting March 17-18. The statement said the Fed will “act...
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FILE - In this Wednesday, Feb. 26, 2020, file photo, stock trader Gregory Rowe works at the New York Stock Exchange. The S&P 500 has lost more than 10% from its record high as worries have built that a fast-spreading new virus will slam economies and corporate profits around the world. That means stocks just went through a “correction” in the stilted parlance of market watchers. (AP Photo/Mark Lennihan, File)
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February 28, 2020 - 7:51 am
NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week. The S&P 500 has dropped more than 10% from the record highs set just over a week ago as a fast-spreading new virus raises the specter of damaged economies and tumbling...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
February 20, 2020 - 1:53 am
TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, with the Shanghai benchmark jumping nearly 2% after China's central bank cut interest rates to help ease credit for companies stricken by the virus outbreak centered on the city of Wuhan. Japan's benchmark...
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FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
1010 WINS Newsroom
February 19, 2020 - 3:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
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