France plans to borrow a record 340 billion euros on the bond market in 2027, the AFT agency that manages government borrowing said Tuesday. The planned borrowing, equivalent to $385 billion, is about 28 billion euros more than this year. AFT said the money w…
Australia's central bank raised its key interest rate to a 15-year high on Tuesday, lifting the cash rate by 25 basis points to 4.6 percent as it sought to curb inflation. The Reserve Bank of Australia cited the broadening Middle East conflict, high global en…
European Central Bank President Christine Lagarde said Monday that higher long-term interest rates would slow eurozone growth after a sell-off in sovereign debt pushed bond yields higher. Speaking at a European Parliament hearing in Brussels, Lagarde said lon…
Norway's central bank raised its benchmark interest rate by a quarter point to 4.50 percent on Thursday, saying the move was needed to help curb inflation. Norges Bank governor Ida Wolden Bache said inflation had been above target for several years. She said…
The United Arab Emirates’ central bank said Wednesday that it had sanctioned the UAE branches of Iran’s Bank Melli and barred them from financial transactions to and from Iran. The central bank said all Bank Melli Iran branches operating in the UAE are prohib…
Nigeria's central bank cut its key interest rate to 23 percent from 26.5 percent on Tuesday, a move it described as the largest rate cut in nearly two decades. Central Bank of Nigeria governor Olayemi Cardoso said at a press conference in Abuja that the chang…
Sudan aims to reduce inflation to no more than 60% by the end of 2026, Finance Minister Gibril Ibrahim said, as three years of war continue to damage the economy and push up living costs. Speaking at a meeting with the United Nations Development Programme on…
Turkey has revoked the licence of Iran's Bank Mellat, a semi-private Tehran-based bank under Western sanctions, after the banking regulator cited a threat to depositors and financial stability. The decision was published in the Official Gazette early Saturday…
The Bank of England held its benchmark interest rate at 3.75 percent on Thursday, but warned that a rise could be needed if the Middle East war keeps pushing up energy prices. Governor Andrew Bailey said higher energy costs had so far had a limited effect on…
Brazil's central bank cut its benchmark Selic interest rate from 14% to 13.75% on Wednesday, its fifth reduction in a row, as President Luiz Inacio Lula da Silva seeks re-election in October. The cut was part of a cycle that began in March after almost two ye…
The Bank of Japan raised interest rates by 25 basis points to 1.25 percent on Friday, taking them to their highest level since 1995 as it seeks to counter inflation pressure from higher energy prices and a weak yen. The decision was approved by a 7-2 majority…
US President Donald Trump accused the Federal Reserve board of raising interest rates for political reasons after the central bank lifted borrowing costs for the first time since 2023. The Federal Open Market Committee voted unanimously on Wednesday to raise…
Bolivia's government said Thursday it has agreed to end all fuel subsidies by 2027 under a $1.9 billion bailout agreement with the International Monetary Fund. The IMF said in July that it had reached agreement with President Rodrigo Paz's government on a 36-…
The yield on the 30-year US Treasury bond climbed to 5.35% on Thursday, its highest level since 2007, after US producer price data showed inflation accelerated…
The European Central Bank raised its benchmark interest rate by a quarter percentage point to 2.5% on Thursday and kept the possibility of further increases op…
The yield on the 10-year US Treasury note rose above 4.85 percent on Wednesday, its highest level in three years, after a $6 billion government bond buyback disappointed investors who had expected a larger intervention. Yields also climbed on the 30-year Trea…
The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East raises energy costs and adds to inflation pressure in the eurozone. Eurozone inflation reached 3.3 percent in August, above the ECB's 2 percen…
El Salvador President Nayib Bukele denied on Friday that the country had transferred its Strategic Bitcoin Reserve to a private operator as part of a loan agreement with the International Monetary Fund. Bukele wrote on X that “the only thing that was transfer…
S&P downgraded Senegal's sovereign credit rating to “CC” on Friday and assigned a negative outlook, citing a debt restructuring plan linked to the country's $2…
The IMF said Thursday it had reached a preliminary deal with El Salvador that could unlock about $140 million in fresh funding under the country's austerity re…
British digital bank Revolut said Thursday it had won conditional approval for a US banking licence, moving it closer to launching as a national bank in the Un…
Federal Reserve Governor Chris Waller said he would be prepared to support an interest rate increase at the US central bank’s September 15-16 meeting if new da…
France sold benchmark 10-year government bonds at a 4.23 percent rate on Thursday, the highest auction rate since 2008. The rate on the monthly sale of OAT bo…
The Japanese yen rose more than 1% against the dollar on Thursday, strengthening to 158.12 per dollar by around 0700 GMT from 159.91 earlier. The move extended a rebound after the yen had been above 160 per dollar on Wednesday before a spike that fuelled spec…
The Federal Reserve said Wednesday that US economic activity grew modestly from early July, but that high energy prices, policy issues and the Iran war were ad…
The US Treasury issued $1 coins featuring President Donald Trump's face on Wednesday, and the US Mint said the coins were "also in circulation". The coins wer…
India's central bank said banks raised $127.23 billion through a foreign currency deposit scheme as of August 31, after a campaign to draw on the savings of In…
Lebanon's central bank said an outside firm has begun a new forensic audit of selected past transactions linked to its foreign assets, as the country continues…
Canada's central bank held its benchmark interest rate at 2.25% on Wednesday for the seventh straight time, while warning that the trade war with the United St…
The Dutch central bank said it moved 86 tonnes of gold reserves from the United States and Canada to London, citing increasing geopolitical unrest and a need t…
Taiwanese investors are borrowing to buy stocks after an AI-linked rally lifted the island's market, bringing large gains for some traders and warnings from au…
Indonesia's parliament confirmed Destry Damayanti as central bank governor on Sept. 1, following Perry Warjiyo's resignation in July. Destry, a 62-year-old economist, had been acting chief since Perry left office. She was the only candidate after being nomina…
Japanese Finance Minister Satsuki Katayama said she did not discuss interest-rate increases with US Treasury Secretary Scott Bessent after meeting him on the sidelines of the G20 finance meeting in North Carolina. Katayama spoke after Bessent publicly said he…