From Filip Karinja, for Birch Gold Group This week, the Federal Reserve voted to raise interest rates a quarter of a percent to 0.5%, the first rate rise since 2006. But this wasn’t the only bold announcement the Fed made. In a report released the same day, titled “Economic Projections“, they predicted that by 2018 they …

India’s central bank on Tuesday cut its key interest rate more than markets expected amid optimism that inflation will remain low and fears that Asia’s third-largest economy is slowing. Reserve Bank of India Governor Raghuram Rajan cut the repurchase-agreement rate by 0.5 percentage point to 6.75%. That brings the total easing by …

China took fresh moves to free up money for its slowing economy, after global investors expressed concerns over Beijing’s management of the world’s No. 2 economy. The country’s central bank said in a statement on Tuesday that it cut interest rates by one-quarter of a percentage point and reduced bank-reserve requirements …

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi. Retail and business customers with over €500,000 on deposit as …

The Federal Reserve will cause “panic and turmoil” if it raises interest rates in the next few weeks, the World Bank‘s chief economist has warned. Kaushik Basu said emerging economies would be hit hardest if the US central bank decided to raise rates from their record low of between 0pc and 0.25pc …

2016 has been one year that has seen a mixed reaction in both the commodities and the stocks market since the beginning in January. Stock prices have been fluctuating due to the uncertainty in the market as to the effect of the slowing growth in the Chinese economy. Moreover, the …

From Filip Karinja, for Birch Gold Group The Federal Reserve on Wednesday announced that it will not be raising interest rates this month. As per usual, they made the usual excuses. Highlighted this time was the abysmal payroll numbers for May, in which a mere 38,000 jobs were created, well short of the 162,000 expected. …

From Filip Karinja, for Birch Gold Group With the Federal Reserve set to meet next week to vote on what to do with interest rates, many are speculating that we may see a rate hike. This is something Janet Yellen has hinted at over the past few months but has kept delaying. Should …

The Federal Reserve has once again found a convenient excuse for why they again won’t raise rates, but “may do so in December“. Time after time in recent months, they say they will raise rates in the future — most likely to give the illusion that the economy has recovered from the …

The International Monetary Fund has recommended that the US Federal Reserve abstain from any interest rate hikes in the near-term, a recommendation which was subsequently rebuffed by the Fed due to fundamental disagreements over how to approach economic policy. Kristian Rouz — The International Monetary Fund, a Washington-based global lender, has recommended …

From Filip Karinja, for Birch Gold Group Despite the Federal Reserve running a zero interest rate policy (ZIRP) for 80 months straight and Quantitative Easing programs that have ballooned its balance sheet over $3.5 trillion, US GDP has struggled to reach 2%. It’s plain for all to see: They are running out of options to …

From Filip Karinja, for Birch Gold Group The Federal Reserve has announced that it will keep rates as is for the time being, at 0.5%. Previously, the Fed said it would carry out four increases in 2016, each by 25 basis points. However, as the months pass, the Fed seems to be stalling. …

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action …

The central planners are in a state of fear and panic. They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored economic metrics fail to respond to all of their frenzied efforts. They are so far over the tips of their …

From Filip Karinja, for Birch Gold Group On Thursday, the Federal Reserve announced that it will leave interest rates as is, right near zero percent. Fed Chair Janet Yellen cited recent volatility in markets and uncertainty overseas as reasons to hold off from a rate hike. Since December 2008, the Federal Reserve has lowered the interest …

From Filip Karinja, for Birch Gold Group In a shocking move last Friday, the Bank of Japan (BOJ) slashed its interest rate to -0.1%. However, the surprise doesn’t end there. Bank of Japan Governor Haruhiko Kuroda said there will be “no limit” to the monetary easing, and that rates would be cut even …

The corporate regulator has launched legal action against National Australia Bank for allegedly manipulating the bank bill swap rate (BBSW) 50 times. NAB said it would fight the case. Labor leader Bill Shorten jumped on the move, saying it provided further evidence of the need for a royal commission into the banks. “How …

A former UBS and Citigroup yen derivatives trader, Tom Hayes, has been sentenced to 14 years in jail after becoming the first person to be convicted by a jury of rigging the Libor interest rate. In a landmark case, 35yo Hayes was convicted of eight counts of conspiracy to defraud. Sentencing him at London’s Southwark crown court, Mr Justice …

If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%! That’s right. ANZ is offering its depositors absolutely zero interest. Now, a bank paying 0% isn’t exactly abnormal in today’s banking environment. But …

American savers have had it hard enough, earning next to nothing on bank deposits and money market funds. But could it get worse, with banks here charging depositors interest to hold their money and high-quality bonds yielding nothing at all? It might seem a curious question, given broad expectations for …