While the bank said it would remain “accommodative,” Indian shares rose more than 1 percent after the announcement Tuesday.
The president of the Chicago Federal Reserve said rate hikes could be withheld until core inflation in the U.S. reaches 2 percent.
The European Central Bank, already in the midst of a massive quantitative easing program, kept monetary policy unchanged Thursday.
The latest sign of an acceleration in economic growth could persuade the Federal Reserve to raise interest rates again as early as June.
Minutes from the Fed’s April meeting suggest the central bank is much closer to lifting rates again than Wall Street expects.
Meanwhile, markets are watching Japan, which could postpone a planned sales tax hike to support the country's flagging economy.
Tuesday’s upbeat consumer price data point to a steady buildup in inflation, boosting chances of an interest rate hike later this year.
Lifted by the higher cost of gasoline and rent, among other things, the increase points to a steady inflation buildup.
A split from the EU would hamper growth and risk rising inflation, the Bank of England cautioned in its clearest warning yet about the effects of a Brexit.
Many of the nation’s citizens spend more than half their income on food as they battle the effects of inflation and declining wages. Nearly 20 million live in poverty.
The U.S. Federal Reserve’s latest policy statement suggests openness to raising rates at its next meeting in June.
Price of crude is on course for its strongest monthly performance since last April.
Bank of America analysts took apart consumer price data to show just how much falling dollar exchange rates could affect inflation.
Initial claims for state unemployment benefits declined 6,000 to a seasonally adjusted 247,000 for the week ended April 16.
High inflation and falling real wages mean Russians are spending over 50 percent of their incomes on food for the first time in almost a decade.
Low inflation and the prospect of Britain’s exit from the European Union were factors in the BoE’s decision, which was widely expected.
Peru’s presidential election Sunday could give rise to a new political family dynasty in front-runner Keiko Fujimori.
Risks to the U.S. economy are “slightly” tilted to the downside, William Dudley said in calling for a gradual approach to rate hikes.
For the first time in six months, the Reserve Bank of India slashed its repo rate by a quarter percentage point citing a drop in retail inflation.
U.S. job growth remained strong in March, with nonfarm payrolls increasing by a better-than-expected 215,000.
Historically low economic growth is likely here to stay, said Charles Evans, president of the Chicago Federal Reserve Bank.
The Fed chair expects headwinds from weak growth abroad, low oil prices and uncertainty over China to abate and let the recovery continue.