Central banking

FILE - In this Friday, Aug. 10, 2018 file photo, Berat Albayrak, Turkey's Treasury and Finance Minister, wipes his forehead as he talks during a conference to ease investor concerns about Turkey's economic policy. Albayrak, announced his resignation on social media Sunday, Nov. 8, 2020. He said on Instagram that he was stepping down from his post for health reasons and would spend more time with his family. Albayrak, 42, was appointed minister of finance and treasury in July 2018, having previously been energy minister for nearly three years. (AP Photo/Mucahid Yapici, File)
November 09, 2020 - 3:25 pm
ANKARA, Turkey (AP) — President Recep Tayyip Erdogan has accepted the resignation of his son-in-law from the position of finance minister, the Turkish leader's office announced Monday. A statement from his office said Erdogan has accepted Berat Albayrak's request “to be excused from his duties” but...
Read More
Afghans check car destroyed by an attached bomb in Kabul, Afghanistan,Saturday, Nov. 7, 2020.A bomb attached to the vehicle of Yama Siawash, a former presenter on Afghanistan's TOLO TV, exploded early Saturday, killing the journalist and two other civilians, Kabul police said. (AP Photo/Mariam Zuhaib)
November 07, 2020 - 2:37 am
KABUL, Afghanistan (AP) — A bomb attached to the vehicle of a former presenter on Afghanistan’s TOLO TV exploded early Saturday, killing the journalist and two other civilians, Kabul police said. The death of Yama Siawash is being investigated, said police spokesman Ferdaws Faramarz. No one has...
Read More
People walk inside historical Covered Bazar, one of homes of exchange offices in Istanbul, Friday, Aug. 7, 2020. Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. (AP Photo/Emrah Gurel)
November 07, 2020 - 1:10 am
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira. Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree...
Read More
Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
November 05, 2020 - 2:41 pm
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic. The Fed announced no new actions after its latest policy meeting but...
Read More
Traffic and people pass over Westminster Bridge with a fog shrouded Houses of Parliament and the Elizabeth Tower, known as Big Ben, hidden behind, on the first day of Britain's second lockdown designed to save its health care system from being overwhelmed by people with coronavirus, in London, Thursday, Nov. 5, 2020. Britain joined large swathes of Europe in a coronavirus lockdown designed to save its health care system from being overwhelmed. Pubs, along with restaurants, hairdressers and shops selling non-essential items closed on Thursday until at least Dec. 2. (AP Photo/Matt Dunham)
November 05, 2020 - 8:11 am
LONDON (AP) — The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown measures. Hours after the central bank increased its monetary stimulus by a bigger...
Read More
A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)
November 03, 2020 - 1:22 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two...
Read More
FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)
November 02, 2020 - 11:36 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese...
Read More
FILE - In this file photo dated Monday, Oct. 26, 2020, a man wearing a face mask walks over a bridge with the buildings of the banking district in background in Frankfurt, Germany. New figures released Friday Oct. 30, 2020, show that the European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns. (AP Photo/Michael Probst, FILE)
October 30, 2020 - 11:34 am
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the...
Read More
FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
October 29, 2020 - 9:21 am
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but signaled that more could be coming at its December meeting given that risks are “clearly tilted to the downside” and new staff projections would make possible “a thorough reassessment...
Read More
October 19, 2020 - 5:13 am
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and...
Read More

Pages