Central bank interest rates

South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 10:10 am
WASHINGTON (AP) — The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus. Fed Chair Jerome Powell said Tuesday that the coronavirus “poses evolving risks to economic activity." The Fed...
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South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 8:47 am
WASHINGTON (AP) — Seven major economies pledged to use “all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions. The group of major industrial countries, referred to as the G-7, said Tuesday that it was “ready to take actions, including fiscal measures where...
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South Korean army trucks spray disinfectant as a precaution against the coronavirus on a street in Ulsan, South Korea, Tuesday, March 3, 2020. China's coronavirus caseload continued to wane Tuesday even as the epidemic took a firmer hold beyond Asia. (Kim Young-tae/Yonhap via AP)
March 03, 2020 - 8:34 am
WASHINGTON (AP) — Seven major economies pledged to use “all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions. The group of major industrial countries, referred to as the G-7, said Tuesday that it was “ready to take actions, including fiscal measures where...
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A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)
March 03, 2020 - 2:05 am
TOKYO (AP) — Shares in most Asian markets tracked overnight gains on Wall Street, but Tokyo's benchmark fell back Tuesday as gnawing concerns over the virus outbreak chilled buying sentiment. Traders were awaiting talks between central bankers and other financial leaders of the Group of Seven...
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FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
March 03, 2020 - 12:35 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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March 02, 2020 - 10:57 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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Traders Robert Charmak, left, and Gregory Rowe fist bump at the close of trading, on the floor of the New York Stock Exchange, Monday, March 2, 2020. The Dow Jones Industrial Average surged more than 1,200 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak. (AP Photo/Richard Drew)
March 02, 2020 - 9:36 pm
TOKYO (AP) — Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. Japan's Nikkei 225 gained 0.5% in morning trading to 21,441.82. Australia's S&P/ASX 200 jumped 1.9% to 6,510.90. South Korea's Kospi...
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Traders Robert Charmak, left, and Gregory Rowe fist bump at the close of trading, on the floor of the New York Stock Exchange, Monday, March 2, 2020. The Dow Jones Industrial Average surged more than 1,200 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak. (AP Photo/Richard Drew)
March 02, 2020 - 6:29 pm
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost last week...
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A pair of specialists prepare for the day's trading activity on the floor of the New York Stock Exchange, Monday, March 2, 2020. Wall Street is set to post more losses at the opening bell, coming on top of last week's drop, which was the worst since the global financial markets over a decade ago. (AP Photo/Richard Drew)
March 02, 2020 - 5:37 pm
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost last week...
Read More
A pair of specialists prepare for the day's trading activity on the floor of the New York Stock Exchange, Monday, March 2, 2020. Wall Street is set to post more losses at the opening bell, coming on top of last week's drop, which was the worst since the global financial markets over a decade ago. (AP Photo/Richard Drew)
March 02, 2020 - 5:00 pm
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost in a...
Read More

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