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The G20 is made up of 19 nations and two regional organisations and its members account for more than 80% of the world's economic output

G20 nations agree central bank independence 'crucial'

The G20 nations stressed today that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

Business • 18 Jul

US President Donald Trump's tariffs have forced central banks to reassess their next steps

A tariff headache for major central banks

US President Donald Trump's tariffs have darkened the global economic backdrop, forcing big central banks to reassess their next steps.

Business • 18 Apr

The US Federal Reserve usually leads others in setting the direction for policy, but the start of 2025 has been far from normal.

Leaving Fed behind, top central banks have room to ease

Central banks around the globe have plenty of room to keep cutting interest rates, and a limited "decoupling" from the US Federal Reserve could continue as it pauses its own policy easing, according to policymakers and analysts.

Business • 07 Feb

The ECB cut its deposit rate by 25 bps to 3% on December 12 in its fourth such move this year

2024 in Review - a year of central bank rate cuts

The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday December 19 - a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025.

Business • 27 Dec 24

The US Federal Reserve is likely to start cutting US interest rates next week

Global rate cutting cycle picking up pace

Interest rate cuts from major central banks are well underway, with the European Central Bank today delivering its second quarter-point cutof the year.

Business • 12 Sep 24

The US Federal Reserve meets later this month to decide on US interest rates

High market hopes for global rates cuts by mid year

Market hopes are high that big central banks will cut rates around mid-year

Business • 07 Mar 24

IMF Managing Director Kristalina Georgieva

IMF says central banks should not rush into rate cuts

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said.

Business • 02 Feb 24

The world economy is now expected to grow 3% this year, up from the 2.7% forecast in the OECD's June outlook

OECD sees 'sub-par' global growth as high rates bite

The OECD has today raised its global economic outlook for 2023 but cut the growth forecast for next year as "painful" interest-rate hikes aimed at curbing inflation take their toll.

Business • 19 Sep 23

Most of the new Central Bank Digital Currencies (CBDCs) will emerge in the retail space, the BIS survey shows

24 central banks will have digital currencies by 2030

Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published today.

Business • 10 Jul 23

The Bank for International Settlements has called for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation

Economy at critical juncture in inflation fight - BIS

The world's central bank umbrella body, the Bank for International Settlements (BIS), has called for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation.

Business • 26 Jun 23

The move is to ensure liquidity of US dollars

Central banks in coordinated move to calm markets

The world's five biggest central banks, including the European Central Bank, have agreed to provide additional layers of funding to the financial system as markets brace themselves for any fallout from a deal struck tonight to rescue Credit Suisse.

Business • 19 Mar 23

The BIS has urged central banks to avoid the mistakes of the 1970's by declaring victory on inflation too early

BIS urges central banks to 'get the job done'

Central banks need to "get the job done" when it comes to getting inflation back under control, the Bank for International Settlements has said, urging them to avoid the mistakes of the 1970's by declaring victory too early.

Business • 27 Feb 23

NTMA said it has not had big complaints from investors about market liquidity

NTMA says no big complaints on liquidity in bonds

Debt agency officials are conscious that the end of central bank largesse has unleashed volatility in fixed-income markets, but bonds are becoming more attractive again, a senior official at the National Treasury Management Agency said today.

Business • 16 Nov 22

A new Reuters poll shows that the global economy is predicted to grow 3.7% this year, the fastest pace since 2010

2018 global growth to hit highs not seen in 8 years

The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists shows.

Business • 24 Jan 18

The G20 meeting acknowledged that monetary policy alone is not enough to combat rising global risk

Central banks near policy limits but back in focus

The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus back on central bankers.

Business • 29 Feb 16

IMF releases its latest Global Financial Stability Report

IMF warns of increased risks to financial system

The International Monetary Fund has said that risks to the global financial system have risen since October.

Business • 15 Apr 15

US Fed chief Janet Yellen says unemployment rate alone is not enough to evaluate the strength of the US jobs market

Yellen says US job market still hampered

The dollar was steady after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

Business • 22 Aug 14

The central banks of the 18 euro zone nations, the ECB and central banks of Switzerland and Sweden in joint statement

European central banks renew gold agreement

A group of 21 European central banks said today they have no plans to sell "significant" amounts of gold over the next five years.

Business • 19 May 14

Bank of Japan, US Federal Reserve, ECB, Bank of England and central banks of Canada and Switzerland to make currency swap deals permanent

Central banks make currency swap accords permanent

Six major central banks said they would make their web of currency swap arrangements permanent as a "prudent liquidity backstop" in case of future global financial strains.

Business • 31 Oct 13

ECB set to keep interest rates at 0.5% next Thursday

World central bank policymakers change gears

The US Federal Reserve's gradual exit plan from printing money has shifted the world's central bank landscape and thrown financial markets into a spin.

Business • 01 Jul 13

Gold falls below $1,200 an ounce for the first time since August 2010

Gold prices fall to near three year lows

The price of gold has slumped to its lowest level in nearly three years as a sell-off gathers pace following US plans to scale back economy-boosting measures.

Business • 28 Jun 13

German Finance Minister Wolfgang Schaeuble warns that even zero interest rates would not help company financing

Central banks can't solve all problems - Schaeuble

Germany's finance minister has said there are limits to what the world's central banks can do to solve economic problems.

Business • 16 May 13

George Osborne hosting G7 finance chiefs this weekend

US warns Japan to stick to 'ground rules'

The United States has told Japan to stick to the rules when it came to the value of its currency, setting the stage for a potentially frank meeting of G7 finance ministers in Britain.

Business • 10 May 13

IMF warns that stimulus efforts could inflate asset bubbles

IMF urges central banks to monitor stimulus

The IMF has urged the US Federal Reserve, the ECB and other central banks to closely monitor their extraordinary efforts to jump-start economic growth.

Business • 17 Apr 13

US pledges European support before Greek election

The US has said that it will work closely with European partners to preserve market confidence after the Greek election.

Business • 15 Jun 12

Central Banks