Tag: Central banking
Czech central bank raises key rate to 0.5% to tame inflation
PRAGUE — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as...
Lebanon raises price of bread amid crippling economic crisis
BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Tottenham repays COVID loan, frees up funds for signings
LONDON — Tottenham announced Friday it had paid back the 175 million pounds ($243 million) it borrowed from the Bank of England as part...
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
Iran presidential candidate urges better ties with West
TEHRAN, Iran — A prominent contender in Iran’s presidential election appealed Tuesday for better economic and political relations with the West, his most extensive...
This Week: Retail sales, Fed policy update, Kroger earns
A look at some of the key business events and economic indicators upcoming this week:
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Delicate task for Fed: When to pull back on low-rate support
WASHINGTON — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first...