Fed's Yellen warns against delaying interest rate hikes, speaks of 'uncertainty' over US fiscal policyThe US central bank is previewing interest rate rises, with Fed Chair Janet Yellen warning it is "unwise" to wait too long.
The US central bank is previewing interest rate rises, with Fed Chair Janet Yellen warning it is "unwise" to wait too long.
Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England.
The US dollar has been boosted by Donald Trump's election victory and spending plans, and political and economic worries in Europe, Britain and Japan.
Fed Chair Janet Yellen says Donald Trump's election has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon".
The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.
As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.
The European Central Bank has decided it does not need to do anything more right now to stimulate the eurozone economy despite continued weak growth forecasts.
There was no fresh stimulus from the European Central Bank at its latest policy meeting in the face of high unemployment, weak growth and the threat of deflation in the…
US employment growth slowed more than expected in August to 151,000, probably ruling out an interest rate hike by the Federal Reserve this month.
Improvements in the labour market and expectations for solid economic growth have strengthened the case for a US interest rate hike.
Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.
UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.
The UK's central bank has cut its base interest rate for the first time in seven years, from 0.5 percent to 0.25 percent - a new record low
The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.
Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.
ECB head Mario Draghi has defended low interest rates following complaints from German officials, including Finance Minister Wolfgang Schauble, that they are hurting savers.
The US Federal Reserve kept interest rates unchanged on Wednesday (April 27). However it left the door open to a hike in June by signalling
Federal Reserve policymakers are expected to leave the cost of borrowing unchanged in the face of disappointing word on durable goods orders and consumer confidence.
European Central Bank President Mario Draghi has vowed to use all the tools at his disposal for "as long as needed" to return the eurozone economy to growth.
The US Federal reserve has left interest rates unchanged, but says that moderate growth and what it called “strong job gains” means it will be able
European shares enjoyed only a brief bounce on Thursday before investors focused on Mario Draghi's statement that interest rates will only be cut again in the most extreme of circumstances.
The European Central Bank is desperately keen to avoid deflation which economists say has a negative effect on growth.
The European Central Bank has cut its main interest rate to zero from 0.05 percent as part of stimulus measures intended to boost lending, consumption and inflation.
Unemployment in the UK fell by 60,000 in the final three months of 2015, but despite the strong labour market wage growth slowed.
It has been described as the most important Federal Reserve decision for a generation. As expected, the US central bank has decided to raise interest
Markets have been positive in the run-up to the long-awaited interest rate decision by the US Federal Reserve. The US central bank is widely tipped