Analysis: Interest Rates

BNY Mellon profit falls short on lower interest rates

Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Thursday, as the world's largest custodian bank earned less from its interest-earning assets due to rate cuts by the...

Euro zone banks earn more from lending despite moans over negative rates

The ECB cut its deposit rate to minus 0.5% in September but has long argued that banks are net beneficiaries of its super-easy policy as higher lending volumes more than offset the drag from low...

Low rates bruise Bank of America profits into 2020

Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year.

China central bank injects $58 billion of loans but keeps rates steady

China's central bank extended fresh short- and medium-term loans on Wednesday but kept the borrowing cost unchanged, as it seeks to maintain adequate liquidity in a slowing economy and ease a...

Argentine bonds drop after Buenos Aires province seeks payment extension

Buenos Aires bonds added to recent losses on Tuesday after the province asked holders for an extension on a more than $250 million payment due later this month, dragging Argentina's debt lower as...

JPMorgan posts record annual profit as bond trading rebounds

JPMorgan Chase & Co posted its biggest-ever annual profit on Tuesday as its bond trading business bounced back in the last three months of the year, setting an upbeat tone for the big U.S. banks...

Kenya's first green bond starts trading on the bourse

Kenya's first green bond was listed for trading on the Nairobi Securities Exchange on Monday, offering investors the chance to put money into an environmentally-friendly fixed income security for the...

Fed's Kaplan says rates 'appropriate,' flags balance sheet concern

The Federal Reserve has interest rates just about where they need to be to keep the U.S. economy growing, push down on unemployment and coax inflation back up to 2%, Dallas Federal Reserve Bank...

Carney says BoE could cut interest rates if weakness persists

Bank of England Governor Mark Carney said on Thursday that the central bank could cut interest rates if it looks like weakness in the economy will persist.

Fed's Williams says it is important to keep 2% inflation target amid low rates - WSJ

New York Fed President John Williams said on Sunday that it was important for the U.S. Federal Reserve to stick to its 2% inflation target and achieve it even as low global interest rates will likely...

Fed policymakers agree rates on hold for 'a time'

U.S. Federal Reserve policymakers agreed in their final policy meeting of 2019 that interest rates were likely to stay on hold for a time as the central bank set its sights on a new articulation of...

ECB's Holzmann: Return to positive interest rates in 2020 unlikely

European Central Bank policymaker Robert Holzmann said the bank was unlikely to be in a position to lift interest rates back into positive territory in 2020, with Brexit likely to be a renewed source...

Egypt's central bank seen holding rates after inflation uptick - Reuters poll

Egypt's central bank will likely keep its key interest rates steady on Thursday, a Reuters poll showed, as inflation ticked up in November after hitting a near-14-year low.

BOJ debated monetary, fiscal policy mix as cost of ultra-low rates rises

A few Bank of Japan board members said the central bank must work carefully with the government in dealing with the next economic downturn, minutes of the BOJ's October rate review showed on Tuesday.

Monetary stimulus? Low rates mean more babies, Bank of England says

Cutting interest rates appears to stimulate more than just the economy - Bank of England researchers say an extra 14,500 babies were born in 2009 after the central bank slashed borrowing costs during...

Sweden ends five years of negative rates with hike to zero

Sweden's central bank ended five years of negative interest rates on Thursday when it raised benchmark borrowing costs by a quarter point to zero, defying an economic slowdown and global uncertainty.

Bank of England holds steady on rates, awaits impact of Johnson's election win

The Bank of England kept interest rates steady on Thursday, saying it was too soon to gauge how much Prime Minister Boris Johnson's election victory would lift the Brexit uncertainty that has hung...

U.S. economy on good path with rates on hold, Fed policymakers say

The U.S. economy is in good shape after three interest-rate cuts this year, two U.S. central bankers said on Wednesday, underscoring the consensus at the Federal Reserve for keeping borrowing costs...

UK inflation holds below Bank of England target before rates meeting

British inflation remained at a three-year low in November, comfortably below the Bank of England's 2% target before its next interest rate announcement on Thursday, official data showed.