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Economy

Uzbekistan’s reserves climb to $75bn, gold dominates at 85%

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Economy

BoE keeps rates steady at 4% as economy shows signs of slowing

The UK's annual rate of consumer price inflation is standing at 3.8%, nearly double the bank’s 2% target.

Economy

Fed cuts key rate yet Powell says future reductions are not locked in

Powell suggested the Fed increasingly sees inflation as less of a threat as the central bank cut its key rate to a range of 3.75% to 4%.

Economy

Supreme Court lets Lisa Cook remain a Federal Reserve governor for now

Fed governor Cook will be able to take part in the remaining two Fed meetings in 2025, including the next meeting of its interest rate-setting committee in late October.

Economy

Federal Reserve cuts key interest rate for the first time this year

Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

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Economy

European Central Bank leaves key deposit rate unchanged at 2%

As analysts widely expected, the European Central Bank kept its benchmark interest rate untouched on Thursday. This comes as the eurozone economy shows signs of resilience and inflation remains close to the ECB’s 2% target.

Economy

Poland cuts key interest rate by a quarter point as inflation eases

The country’s annual inflation rate cooled to 2.8% in August, following a peak of over 18% in 2023.

Economy

Fed Governor Lisa Cook sues Trump over move to fire her

The case could become a turning point for the 112-year-old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.

Economy

Trump removes Fed Governor Lisa Cook over mortgage fraud dispute

Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, linked to an accusation from one of his officials that she committed mortgage fraud.

Economy

ECB hits pause button: Here’s why Lagarde isn’t rushing things

The European Central Bank kept rates unchanged as inflation hit its 2% target. Lagarde urged patience, citing global risks and reaffirming a data-driven approach.

Economy

Swiss central bank cuts interest rate to zero to fight deflation

The step was widely anticipated but fuels concerns over a potential return to negative rates.

Netherlands

Dutch citizens advised to keep cash on hand in case of emergency

People should keep €70 per adult and €30 per child in cash in case electronic payments systems go down, said the Netherlands' central bank.

Economy

Donald Trump says he has 'no intention of firing' the US Fed chair

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

EuroVerify

Is Spain banning the use of €50 notes?

The claims seem to feed into a general narrative of misinformation that European countries are trying to eliminate cash.

Economy

To cut or not to cut? US Fed faces stubborn inflation and weak growth

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

Economy

Turkey cuts interest rate to 42.5% after inflation hits two-year low

Turkey’s central bank lowered its key interest rate by 2.5 percentage points on Thursday, its third consecutive cut, reacting to a slowdown in inflation in the country.

Money

Should European banks consider holding crypto in their reserves?

The Czech National Bank (CNB) is the first in Europe to examine whether to add cryptocurrency to its reserve assets. Will other countries follow suit?