
The US central bank has announced it will resume its policy of pumping more money into the economy via so-called quantitative easing. The Federal Reserve said it will buy “additional agency mortgage-backed securities at a pace of $40 billion per month”. The central bank also said it could increase the size of its purchases if [...]

Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The average yield on bonds repayable in five years rose to 6.46%, against 6.07% at an auction last month. The average yield on seven-year bonds was 6.7%, up from 4.83% last time. “They [Spain] sold what [...]

China’s central bank has cut its benchmark interest rates for the second time in two months, in a bid to arrest slowing economic growth. Benchmark lending rates will be cut from 6.31% to 6%, while deposit rates will fall from 3.25% to 3%. The rate cuts will come into force on Friday and closely follow [...]