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Economy

ECB pledges low borrowing costs 'as long as needed' but no helicopter money

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.

Economy

ECB leaves rates unchanged despite German criticism

The European Central Bank has kept borrowing costs at record low levels despite German criticism of the stimulus moves.

Economy

No change in Fed interest rate, half point rise expected by year's end

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

Economy

ECB stimulus plans fail to boost financial markets

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.

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Economy

Deflation fears at centre of ECB latest stimulus moves

The European Central Bank is desperately keen to avoid deflation which economists say has a negative effect on growth.

World News

European Central Bank cuts main interest rate to zero to try to lift eurozone economy

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.

Economy

UK jobless rate unchanged, wage growth slows

Unemployment in the UK fell by 60,000 in the final three months of 2015, but despite the strong labour market wage growth slowed.

World News

US Federal Reserve raises interest rates for first time since 2006

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

Economy

Markets positive ahead of US Fed's crucial interest rates decision

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

USA

Why a Federal Reserve interest rate hike matters

Economy

Inflation data boosts Federal Reserve rate rise expectations

The Federal Reserve’s two-day meeting to set interest rates that could see the first rise since before the financial crisis ends on Wednesday. An

Economy

Federal Reserve Yellen 'looking forward' to interest rate hike

The Federal Reserve Chair Janet Yellen has said she’s “looking forward” to normalising economic policy – code for a hike in US interest rates – to

Business Series

No hurry to hike: pessimism from BoE on rates and OPEC on oil

The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest

Economy

China cuts interest rates for sixth time in a year

China’s central bank has cut interest rates and lowered the amount of cash banks must hold as reserves, as well as freeing up deposit rates. Earlier

Economy

Britain's unemployment rate falls to seven-year low

Britain’s jobless rate surprisingly fell to its lowest level since mid-2008 in the three months to August, according to official figures. It fell 0.1

Business Series

Pulling the strings: central banks' impact on global markets

The Federal Reserve, Bank of of England and the People’s Bank of China. three central banks play a hugely influential role in the performances of the

Business Line

Business Line: interest rates, the key to life

It’s been all about the central banks interest rates over the last few weeks. Some have been cut, some raised, others – not changed at all. Why are

Economy

Decision time on interest rates for US Federal Reserve

The world is watching as the US Federal Reserve meets over two days on Wednesday and Thursday, to take the crucial decision on whether or not to

Business Series

Stick or twist: the Fed's interest rate dilemma

The US Federal Reserve is facing different daunting scenarios ahead of its crunch meeting on interest rates. The countdown has begun to one of the

Economy

Russia holds interest rates after rouble's tumble

Russia’s Central Bank has left interest rates unchanged amid turmoil surrounding the rouble’s decline, falling oil prices and rising inflation. After

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