Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong. Sep 25, 2015

ECB agrees extra emergency funding for Greek banks

The European Central Bank (ECB) raised its emergency funding for Greek banks slightly on 16 July, in a step to help banks partially reopen after euro zone governments agreed in principle to grant Athens a new three-year loan. Jul 16, 2015