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PETALING JAYA: All eyes are on Bank Negara, as speculation mounts on the possibility of the central bank lowering interest rates today. Against a backdrop of a low interest rate environment and slowing growth, some bankers had alluded last month that Bank Negara could use this opportunity to cut the overnight policy rate (OPR) for the first time in seven years.
NEW YORK/KNOXVILLE, Tenn.: The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016.
WASHINGTON: The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation.
MUMBAI: India’s new central bank governor has raised the key interest rate for a second straight month, disregarding calls for lower borrowing costs as he stays focused on battling high inflation.
SAN FRANCISCO/RUSTON, La.: Federal Reserve Chair Janet Yellen has declared that the U.S. central bank's interest-rate decisions will depend on how the economy performs.
MUMBAI: India’s central bank delivered a back-to- back interest rate cut to support a sluggish economy a week before elections kick off.
JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged as policy makers guard against currency volatility following a rout in global markets that put the rupiah under renewed pressure.