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Chinese banknotes featuring former Communist leader Mao ZedongChinese banknotes featuring former Communist leader Mao Zedong. China's central bank announced Saturday that one-year borrowing and lending benchmark rates would be raised by 0.27 percentage points from Sunday to rein in the economy.
The US Federal Reserve building in Washington, DC The US Federal Reserve building in Washington, DC. Mixed signals on the US economy have put the Federal Reserve in a quandary as it tries to steer monetary policy amid fresh inflation concerns but also a slumping housing market, analysts say. The central bank's Federal Open Market Committee headed by Ben Bernanke is widely expected to hold its base interest rate steady at 5.25 percent at a two-day meeting opening Tuesday.
A businessman uses his mobile phone in front of a ticker board in TokyoA businessman uses his mobile phone in front of a ticker board in Tokyo. The Bank of Japan said Tuesday that it will leave its benchmark interest rate unchanged at 0.5 percent this month, a decision that had been widely expected after its February rate hike
Toshihiko Fukui Bank of Japan (BoJ) governor Toshihiko Fukui gestures during a press conference in Tokyo. The BoJ has played down concerns about the health of world markets and the US housing sector as it left its benchmark interest rate on hold at 0.5 percent as expected.
US Federal Reserve buildingUS Federal Reserve in Washington, DC. Federal Reserve policymakers opened a two-day meeting Tuesday expected to keep interest rates steady, with financial markets awaiting clues in the panel's policy statement to any future rate moves.
Photographers surround US Federal Reserve Board Chairman Ben BernankePhotographers surround US Federal Reserve Board Chairman Ben Bernanke 28 February, on Capitol Hill. Federal Reserve policymakers, set to conclude a two-day meeting Wednesday, were struggling to respond to signs of resurgent inflation at the same time that growth is flagging, analysts said
US Federal Reserve buildingUS Federal Reserve in Washington, DC. The Federal Reserve is set to keep interest rates steady while poring over the outlook for a US economy that is hurting from inflation and slow growth, analysts said.
US Federal Reserve buildingUS Federal Reserve building in Washington, DC. The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy, but also appeared to step back from a threatened rate hike.
US Federal Reserve buildingUS Federal Reserve building in Washington, DC. The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy, but also appeared to step back from a threatened rate hike.
US Federal Reserve buildingUS Federal Reserve building in Washington, DC. The Federal Reserve is shifting gears with a new stand on monetary policy that has drawn conflicting views from economists but sparked a major rally on the stock market
Federal Reserve chairman Ben Bernanke said Wednesday a slump in the US housing market has not yet spilled over to the broader economy, but did not rule out the possibility of a more severe slowdown.