JAKARTA, Sept. 17 (Xinhua) -- Indonesia's central bank, Bank Indonesia (BI), on Wednesday lowered its benchmark interest rate by 25 basis points to 4.75 percent in an effort to accelerate the ...

WASHINGTON, Sept. 17 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points, the first rate cut since December 2024.

Continued economic weakness has led to another round of interest rate cuts in Europe, while the number of Americans receiving unemployment benefits has reached a 26-year high. For the third time in as ...