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European Central Bank President Jean- Claude Trichet is under pressure to outline a plan to revive the euro region’s economy should he be “trapped” into pushing interest rates closer to zero.
Even as Trichet delivers the largest round of rate cuts in the ECB’s history, he hasn’t spelled out a specific approach should conventional […]
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Sweden’s central bank cut the benchmark interest rate by 1.75 percentage points, the biggest reduction since 1992, and predicted the economy would contract next year, extending the current recession.
The Stockholm-based Riksbank said it lowered the repo rate to 2 percent, after bringing forward the date of its announcement by two weeks. The bank […]
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Pakistan’s central bank promised the International Monetary Fund as part of a $7.6 billion bailout that it will increase interest rates further if the nation’s foreign reserves drop too low.
The State Bank of Pakistan said its benchmark rate “will be raised earlier” than the monetary policy statement due at the end of January […]
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China’s manufacturing shrank by the most on record and export orders plunged, adding to evidence that recessions in the U.S., Europe and Japan are dragging down the world’s fastest-growing major economy.
The Purchasing Managers’ Index fell to a seasonally adjusted 38.8 in November from 44.6 in October, the China Federation of Logistics and Purchasing […]
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