Latest Central bank Stories
The European Central Bank said financial lending had shown signs of improving in the second quarter for businesses and home buyers. The report said business loans had reached a turning point, with a slowdown in a recent trend of increased restrictions.
European Central Bank President Jean-Claude Trichet said he was very clear in his support of the U.S.
SHANGHAI, May 19 /PRNewswire-FirstCall/ -- JA Solar Holdings Co., Ltd., (Nasdaq: JASO) a leading manufacturer of high-performance solar products, today announced financial results for its first quarter ended March 31, 2009.
The United States is taking too long at economic recovery actions and is affecting other countries' efforts, the chief of the Bank of Canada said. Timely and credible action is required to address the impaired assets on bank balance sheets and to restore the normal flow of credit -- a precondition for sustained economic recovery, Mark Carney, the bank's governor, said.
The Bank of England said Tuesday lending to businesses grew in March and would likely continue to grow in the next three months. Analyzing data from six banks, England's central bank said lending to businesses grew from $13 billion in February to $17.4 billion in March, The Times of London reported. Although much of the lending was due to refinancing or restructuring debt, some lenders expect the overall availability of credit to the corporate sector to increase over the next three months,...
Sweden's Riksbank cut its repo rate 0.5 percentage points to 0.5 percent Tuesday, citing a decline in economic conditions. The deterioration in global economic activity has hit Sweden hard, the bank said in a statement. The bank noted a substantial drop in exports, a rapidly declining labor market and
Canada's central bank lowered its key lending rate as low as possible Tuesday, cutting it a quarter percentage point to 0.25 percent. In a statement from Ottawa, the Bank of Canada cited continued high uncertainty and weaker-than-expected activity in all major economies as the rationale.
The European Central Bank said Thursday it would lower its key lending rate a quarter of a percentage point to 1.25 percent, effective April 8. The reduction takes into account the expectation that price pressures will remain subdued, bank President Jean-Claude Trichet said in a statement in Frankfurt,
China Monday called for the U.S.
The Bank of Japan said Tuesday it was considering accepting $10 billion of subordinated loans and bonds from commercial banks to spur lending. Bank Gov.
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