interest rate

US Interest rate expected to reach 3%

The US interest rate will likely increase several times a year reaching 3 percent by the end of 2019, US Federal Reserve Chair Janet Yellen said at the Commonwealth Club in San Francisco on Wednesday. The Federal …

Russia’s Central Bank lowers its key interest rate

The board of directors of Russia’s Central Bank has decided to cut its key interest rate to 10.5% for the first time in nearly a year. The Central Bank noted "the positive trends of more stable inflation, decreased …

Federal Reserve System may raise discount rate

The US Federal Reserve System may raise the discount rate in the near future, the Federal Reserve officials said. "Further gradual increases in the federal funds rate are likely to be appropriate," Federal Reserve Chair …

ECB leaves benchmark interest rate unchanged

The European Central Bank has left its benchmark interest rate on hold at zero. The ECB also held the rate on its marginal lending facility unchanged at 0.25% and the rate on the deposit facility steady at -0.4%. It's …