central bank News

central bank News From AOL News

Egyptian Labor Unrest Grows After Uprising

CAIRO -- Egypt's military rulers called for an end to strikes and protests Monday as thousands of state employees, from ambulance drivers to police and transport workers, demonstrated to demand better pay in a growing wave of labor unrest unleashed by the democracy uprising that ousted Hosni Mubarak's regime. The...

Japan Cuts Interest Rate to Zero in Bid to Boost Economy

(Oct. 5) -- Facing an economic downturn that threatens to get worse, the Bank of Japan today surprised markets by cutting the cost of borrowed money to rock bottom prices and announcing a plan to pump trillions of yen into the financial system. It was the latest sign the world's major economies fear a stalled recovery...

A Maverick at the Fed Wants to Raise Rates

(Aug. 14) -- Few economists, politicians, small-business owners or American unemployed who number in the millions would disagree with Thomas Hoenig's opening assertion at a town hall meeting in Lincoln, Neb. "These are trying times," said Hoenig, a voting member of the Federal Reserve's interest rate-setting committee and...

New Financial Crisis May Be Brewing, Analysts Warn

(June 14) -- Can you judge how close the global economy is to the brink of another financial crisis by measuring risk-taking in the markets? Jacob Gyntelberg and Michael King, two researchers at the Bank of International Settlements (BIS), seem to think so. And they've found some alarming parallels between recent bank and...