Norway Keeps Rates on Hold, may Extend Tight Policy

Norges Bank maintains policy rate at 4.50 Tight policy could last longer Had previously signalled September rate cut Crown currency strengthens OSLO, May 3 Reuters Norway39;s central bank kept interest rates on hold at 4.50 on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned […]
Read More

Feds Powell says Looming US Election will not Sway Rate Decisions

NEW YORK, May 1 Reuters The looming U.S. presidential election will not influence the Federal Reserve39;s interest rate decisions, Fed Chair Jerome Powell said on Wednesday, adding that policymakers were at peace with keeping political considerations out of their decisionmaking process. Powell, speaking in a news conference after the end of the U.S. central bank39;s latest […]
Read More

ECB to Push Austrias Raiffeisen to Cut Back in Russia

RBI expects to be told to cut lending, payments involving Russia Bank says demand could make it harder to sell Russian business RBI under pressure for ongoing ties with Russia FRANKFURTVIENNA, April 18 Reuters Raiffeisen Bank International RBI expects to be told by European regulators to slash lending and payments involving Russia, the Austrian bank said […]
Read More