Tag: interest rate

• Thursday, August 1st 2019 - 09:13 UTC

  Brazil's central bank cuts main interest rate to 6%, confident of “reforms' process”

  

  Brazil's central bank slashed interest rates to a record low on Wednesday in response to the worsening outlook for Latin America's biggest economy. The bank cut its main rate to 6% from the previous historic low of 6.5%, which had been unchanged since March 2018.

• Thursday, June 20th 2019 - 08:50 UTC

  Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

  

  Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.

• Monday, December 24th 2018 - 08:54 UTC

  US banks confirm “ample liquidity”, following Wall Street markets' plunge

  

  United States Treasury Secretary Steven Mnuchin has made calls to the heads of the country's six largest banks, a move to reassure investors after huge falls in US stocks. Last week, US stocks suffered one of the worst weekly falls in a decade as an interest rate rise and US-China trade tensions rattled markets.

• Wednesday, October 24th 2018 - 08:34 UTC

  Trump again bashes the Fed, saying it posed the biggest risk to the US economy

  

  United States president Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy. He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed “happy” to be raising interest rates.

• Thursday, October 11th 2018 - 09:08 UTC

  US markets suffer their sharpest one-day fall: fears of interest rates, inflation and trade tensions

  

  United States share markets suffered on Wednesday their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while Amazon slid 6%.

• Friday, September 28th 2018 - 08:58 UTC

  Brazilian currency strengthens below 4 to the dollar: first time in five weeks

  

  The Brazilian currency dipped under four Real to the dollar for the first time in five weeks at close on Thursday as the markets reacted favorably to the emergence of two clear presidential election frontrunners. The Real closed at 3.99 to the US dollar just two weeks after hitting a record low of almost 4.2 to the dollar -- it's lost around 17% since the start of the year.

• Thursday, May 22nd 2014 - 00:31 UTC

  Fed minutes confirm a retreat from easy monetary policy; concerns regarding job creation

  

  Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.

• Wednesday, August 8th 2012 - 06:47 UTC

  Poll shows deeper interest rates cuts expected from the Brazilian central bank

  

  Weak economic growth will likely prompt Brazil's central bank to cut interest rates deeper than previously expected this year, a weekly central bank survey of economists showed on Monday.

• Tuesday, December 13th 2011 - 22:27 UTC

  Chile leaves benchmark interest rate unchanged for sixth straight month: 5.25%

  

  Chile’s central bank kept its benchmark interest rate unchanged for the sixth straight month at 5.25%, as slowing global growth shows little sign of damping inflation and demand in the world’s biggest copper producer.

• Thursday, December 1st 2011 - 06:02 UTC

  Brazil has the highest real interest rate among 40 leading economies

  

  The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months.