BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its... » Read More
BRASILIA, July 20- Brazil kept interest rates on hold for the eighth straight time on Wednesday as expected, in the first decision of a new central bank board that said it was too soon to cut rates despite a crippling recession. "The text format changed completely, but the main message remained the same: The conditions for interest rate cuts are not there yet and it... » Read More
Zimbabweans will start exchanging "quadrillions" of local dollars for a few U.S. dollars next week, as the government discards its virtually worthless national currency.
Janet Yellen responds to reporters' questions following the Fed rate decision and removal of the word patient from its statement.
Federal Reserve Chair Janet Yellen makes her opening statement, saying just because the Fed removed the word "patient" in its guidance for a rate increase, doesn't mean they are going to be "impatient."
Annual consumer price inflation in the U.K. came in at 0.3 percent in January -- its lowest level since records began. CNBC's Helia Ebrahimi discusses.
U.K. inflation has fallen to 0.5 percent, putting pressure on the Bank of England's Mark Carney. Sam Hill, senior U.K. economist at RBC Capital Markets, weighs in.
The pressure on European Central Bank President Mario Draghi is at an all-time high as the euro zone inflation rate turns negative. James Nixon, chief European economist at Oxford Economics, and Geoffrey Yu, senior FX strategist at UBS gives their thoughts.
Daniele Antonucci, European economist at Morgan Stanley, gives his reaction to the latest inflation figures for the euro zone.
Alberto Gallo, head of European macro credit research at RBS, forecasts euro zone inflation will come in weak, and discusses how long Europe will be in a "Japanification environment."
CNBC's Jim Cramer explains why the market rally has caught some investors by surprise, and discusses the expectations of more European QE.
There is a legendary quote from the movie Top Gun when the commanding officer berates one of his ace pilots with the line: "Son, your ego is writing checks your body can't cash."
Fiat money is a wonderful thing is it not? Truly one of the more useful developments in society since humans first learned to think / speak, that one can put in a day’s work and be rewarded with a piece of paper, which can itself be exchanged for something as marvelous as a punnet of strawberries or a Fender Jazz Bass.
Wall Street is starting to sound a little spooked.
A Dutch bond sale reassures, but investors are looking for havens - it's time for your FX Fix.
Given that title inflation has been with us since the 1980s, in everything from estate agents’ property descriptions to job titles for students in summer jobs frying hamburgers, we should not be surprised that “printing money” in the 21st century is referred to as “quantitative easing”.
As the truth dawns in Greece and other weak euro zone economies that the price for remaining bound to the single currency will be more hardship and sacrifice, a growing number of legal and financial experts — to say nothing of the Greeks themselves — are examining in detail what would happen if Greece abandoned the euro. The NYT reports.
Fair value is a tool used by investors to understand the relationship between the value of futures contracts and the current price of a stock. The term is used in pre-market hours to help forecast the direction of the market.
Central banks' policy of printing money to try and stimulate weak economies is unlikely to result in significantly higher inflation, Rob Carnell, chief international economist at ING, wrote in a market note.
Although inflation is not necessarily a bad thing for a growing economy, there have been numerous historical examples when inflation runs wild, a situation called hyperinflation. CNBC explains
The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.
On August 15th, 1971, the dollar's final gold tether was severed, allowing it to sail away into uncharted seas.