Tag: borrowing costs

A participant stands near a logo of IMF at the International Monetary Fund-World Bank annual meeting at ,Bali, Indonesia.(Reuters)
Posted in Business

IMF cuts penalty surcharges for world’s most indebted nations like Argentina, Egypt, Ukraine, Ecuador

The International Monetary Fund reduced borrowing costs for some of the world’s most indebted nations, making a concession to partners that have ramped up criticism…

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Federal Reserve Board Chairman Jerome Powell(Getty Images via AFP)
Posted in Business

US central bank keeps interest rate unchanged, projects two hikes by end of year

Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to cool inflation, projecting more increases…

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