Tag: Central banking
Mexican migrants sent home a record $4.5 billion in May
MEXICO CITY — Mexicans living abroad sent home a record amount of money in May, topping $4.5 billion in a month for the first...
All big banks pass latest Federal Reserve ‘stress tests’
NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...
Czech central bank raises key rate to 0.5% to tame inflation
PRAGUE — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as...
Lebanon raises price of bread amid crippling economic crisis
BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...
Lebanon raises price of bread amid crippling economic crisis
BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Tottenham repays COVID loan, frees up funds for signings
LONDON — Tottenham announced Friday it had paid back the 175 million pounds ($243 million) it borrowed from the Bank of England as part...
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
