Latest Central bank Stories

2009-04-21 11:00:27

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

2009-04-21 09:40:48

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.

2009-04-02 13:57:58

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,

2009-03-23 18:55:25

China Monday called for the U.S.

2009-03-17 18:44:55

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.

2009-03-05 19:36:27

Eurozone interest rates were cut Thursday to an all-time low in response to the worst recession in continental Europe since World War II, officials said. The European Central Bank cut its main interest rate from 2 percent to 1.5 percent.

2009-03-05 13:30:00

The European Central Bank said Thursday it would lower its key lending rate 50 basis points to 1.5 percent.

2009-03-03 09:09:58

Lending rates fell in Canada Tuesday after the Bank of Canada cut its central lending rate to 0.5 percent from 1 percent, the lowest ever. The country's major banks all issued releases saying they were lowering their prime rates to 2.5 percent, effective Wednesday. In a statement issued in Ottawa, the central bank said the global economy had deteriorated further since January among major countries. The nature of the U.S.

2009-02-02 08:16:07

Italian Finance Minister Giulio Tremonti in Davos, Switzerland, said he was in favor of establishing a European Union bond. With Italy's debt-to-gross domestic product ratio over 100 percent, lenders are demanding higher returns on Italian bonds, the European Observer reported Monday. Speaking at the World Economic Forum last week, Tremonti said, I am speaking of a political issue not an economic issue … now we need a union bond. The concept is not universally appealing to European...

2009-01-15 13:58:57

The European Central Bank Thursday trimmed its key lending rate to 2 percent as slumping European economies have surpassed inflation as its leading concern. A month ago, the bank made its steepest rate cut ever, The Washington Post reported.

Word of the Day
  • A volcanic mudflow.
The word 'lahar' comes from Javanese.