Federal Reserve Chair Janet Yellen attends a Board of Governors meeting at the Federal Reserve in Washington, Wednesday, Sept. 3, 2014. (AP Photo/Susan Walsh)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom.As the U.S. economy picks up pace, its central bank is inching closer to raising interest rates, a move that will send ripples across the globe. The ECB will also reveal Thursday how much of its first offer of four-year loans banks have taken up on condition that they lend on to businesses, as part of the central bank's efforts to bolster the flagging economy in the 18-country bloc.ECB President Mario Draghi says the aim is to get the ECB's balance sheet back near its 2012 peak via new measures, meaning it is aiming to inject the thick end of 1 trillion euros ($1.3 trillion) into the eurozone economy.Reuters polling shows that economists expect banks to take up 275 billion euros of the 400 billion the ECB will offer over time and that they will buy around 400 billion euros of asset-backed securities and covered bonds over the next two years under a separate scheme.
FOLLOW THIS ARTICLE