India's retail inflation in 12-month low in May

STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

ECB leaves interest rates unchanged

STORY: ECB leaves interest rates unchanged SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:01:53 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of the EBC press conference 3. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President 4. various of the European Central Bank STORYLINE: The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting in Frankfurt, Germany. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President "So in conclusion, the governing council today decided to keep the three key ECB interest rates unchanged. We are determined to ens

ECB holds rates steady

STORY: ECB holds rates steady SHOOTING TIME: Dec. 14, 2023 DATELINE: Dec. 15, 2023 LENGTH: 00:01:00 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of shopping malls in Frankfurt STORYLINE: The European Central Bank (ECB) on Thursday decided to leave its key interest rates unchanged. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will all remain unchanged at 4.5 percent, 4.75 percent and 4 percent, respectively. "The Governing Council is determined to ensure that inflation returns to its 2 percent medium-term target in a timely manner," the bank said in a statement. "Based on its current assessment, the Governing Council considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal." Compared with their projections made in September, the ECB staff now revised their inflation expectations f

GERMANY-FRANKFURT-ECB-RATES

GERMANY-FRANKFURT-ECB-RATES

(231214) -- FRANKFURT, Dec. 14, 2023 (Xinhua) -- This photo taken on Dec. 14, 2023 shows the European Central Bank (ECB) in Frankfurt, Germany. The ECB on Thursday decided to leave its key interest rates unchanged. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will all remain unchanged at 4.5 percent, 4.75 percent and 4 percent, respectively. (Xinhua/Zhang Fan)

GERMANY-FRANKFURT-ECB-RATES

GERMANY-FRANKFURT-ECB-RATES

(231214) -- FRANKFURT, Dec. 14, 2023 (Xinhua) -- This photo taken on Dec. 14, 2023 shows the European Central Bank (ECB) in Frankfurt, Germany. The ECB on Thursday decided to leave its key interest rates unchanged. The interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will all remain unchanged at 4.5 percent, 4.75 percent and 4 percent, respectively. (Xinhua/Zhang Fan)

European Central Bank leaves interest rates unchanged

STORY: European Central Bank leaves interest rates unchanged DATELINE: Oct. 28, 2023 LENGTH: 00:02:30 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of European Central Bank members 2. various of Athens open market 3. SOUNDBITE 1 (English): CHRISTINE LAGARDE, ECB President 4. various of Athens open market 5. SOUNDBITE 2 (English): CHRISTINE LAGARDE, ECB President STORYLINE: The European Central Bank (ECB) Governing Council decided to keep the three key ECB interest rates unchanged after 10 hikes in 15 months, it was announced on Thursday at the end of a two-day meeting on monetary policy in Athens. The interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.5 percent, 4.75 percent, and 4 percent respectively, according to an ECB press release. The incoming information has broadly confirmed the previous assessment of the medium-term inflation outlook, it was explained. According to the ECB Governing

New Zealand increases official cash rate to 5.25 pct

STORY: New Zealand increases official cash rate to 5.25 pct DATELINE: April 6, 2023 LENGTH: 00:02:10 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of banks and cash machines 2. various of supermarkets 3. various of street view and gas station STORYLINE: The Reserve Bank of New Zealand (RBNZ) on Wednesday increased its Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent, its highest level since late 2008. The central bank's Monetary Policy Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. "Inflation is still too high and persistent, and employment is beyond its maximum sustainable level," said a committee statement. The level of economic activity over the December quarter was lower than anticipated and there are emerging signs of capacity pressures in the economy easing, it said, adding demand continues to significantly outpace the economy's supply capacity, thereby mainta

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell (1st R, Rear) attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell (Rear) attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell (1st L) attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

U.S.-WASHINGTON, D.C.-FED-PRESS CONFERENCE

(230322) -- WASHINGTON, March 22, 2023 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell (Rear) attends a press conference in Washington, D.C., the United States, on March 22, 2023. The Fed raised interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, lifting the target range of the federal funds rate to 4.75-5 percent. (Xinhua/Liu Jie)

New Zealand central bank increases official cash rate by 50 basis points

STORY: New Zealand central bank increases official cash rate by 50 basis points DATELINE: Feb. 22, 2023 LENGTH: 0:02:10 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of banks and cash machines 2. various of supermarkets 3. various of street view STORYLINE: New Zealand's Reserve Bank increased the official cash rate (OCR) by 50 basis points to 4.75 percent on Wednesday, the 10th consecutive hike since mid-2021. As high inflation still plagues the economy, the central bank said more rate rises are needed to curb inflation. The OCR, which affects the cost of borrowing, was just 0.25 percent in mid-2021. Cyclone Gabrielle and other recent severe weather events have had a devastating effect on the lives of many New Zealanders, and it is too early to accurately assess the monetary policy implications of these weather events, said a Reserve Bank statement. Over the coming weeks, prices for some goods are likely to spike, economic activities will be weaker than previously expected, an

Fed carries out 15th rate hike

Fed carries out 15th rate hike

WASHINGTON, United States - U.S. Federal Reserve Fed Board Chairman Ben Bernanke (C) presides over the Federal Open Market Committee meeting March 28 in which the Fed raised its key short-term target rate by 0.25 percentage point to 4.75 percent, its 15th straight hike.

Fed carries out 15th rate hike

Fed carries out 15th rate hike

WASHINGTON, United States - U.S. Federal Reserve Fed Board Chairman Ben Bernanke (C) presides over the Federal Open Market Committee meeting March 28 in which the Fed raised its key short-term target rate by 0.25 percentage point to 4.75 percent, its 15th straight hike. (Kyodo)