Andrey Kostin said the bank's interest rates would reach about 21% by the end of the year, but told Russian media to ask the governor.

Beijing is battling an unprecedented crisis in the country's vast real estate sector, continued weak consumption and a high youth unemployment rate, while geopolitical tensions with Washington and the European Union threaten its foreign trade.

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

Rates stayed unchanged for the fourth meeting in a row. The Central Bank signaled openness to cutting if price increases keep cooling

US consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates.

The US Fed recently voted to keep interest rates at a 22-year high, while penciling in up to three interest rate cuts this year, citing progress made in tackling inflation.

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.

Asian markets pressed ahead with their rally Friday as another round of US data further stoked expectations that the Federal Reserve will cut interest rates more than it has indicated next year.

Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.

The FOMC kept its federal funds rate between 5.25 and 5.5 percent, still at a 22-year-high. What it means for other economies

Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.

All members of the US Federal Reserve's powerful rate-setting committee judged earlier this month that it would be appropriate to keep interest rates high "for some time" in order to tackle inflation, minutes of the meeting released Tuesday show.

The Fed recently voted to hold interest rates at a 22-year high, raising hopes among investors that it can achieve a so-called "soft landing" while avoiding further rate hikes.

Asian markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again.

The central bank is trying to bring back inflation to its 2% goal without hampering the U.S. economy

The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy.

Surging U.S. Treasury yields and the possibility of further tightening from the Fed are among the main reasons why

Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting in a row as it looks to return inflation to its long-term target of two percent.

A decision to stand pat would end a streak of 10 straight hikes that has seen interest rates climb faster and further than ever.

Consumer prices in the 20-nation currency bloc rose at an annual rate of 4.3 percent in September, its lowest rate in almost two years. The figure remains clearly above the ECB's two-percent target, but the pain of rising interest rates has been increasingly felt across the bloc.

US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday.

The U.S. Federal Reserve began raising interest rates in March 2022. In March 2022, the Hispanic unemployment rate was at 4.4 percent, fluctuating between above 4 percent and under 4 percent until December 2022

After 11 interest rate increases since March last year, inflation has fallen sharply but remains stuck stubbornly above the Fed's long-run target of two percent per year -- keeping pressure on officials to consider further policy action.

Policymakers had been concerned by recent data that suggests that progress may be stagnating, according to Federal Reserve Chairman Jerome Powell.

Tesla has slightly lowered the prices of its EV lineup, raising questions on whether this is in any way connection with Elon Musk's Twitter problems.