In late October 2015, the U.S. Federal Reserve is to make a decision on the base or prime rate. Since December, 2008, it's been hovering at a historic low. Cheap money was supposed to stimulate growth. But how long can it go on?
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
The US Federal Reserve has raised its key lending rate by another quarter-point — the second time in 2018, and aimed at staying ahead of growing inflation amid strong growth and robust employment.
The idea that the European Central Bank would become so big and powerful was something that its founders did not expect 20 years ago. In fact it has become more powerful the more the monetary union has been threatened.
ECB governors have signalled greater confidence in the eurozone economy following a meeting of the central bank's rate-setting council. Policymakers dropped language of boosting the ECB's massive bond-buying program.
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