News Formal

BOJ defies market expectations, keeps current stimulus measures in place

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United Kingdom News News

Japan’s Nikkei gained 2.5%, while the JSE all share was little changed at 79,320 points and the top 40 0.10% weaker

The JSE was little changed on Wednesday morning, while global peers were mixed, with the Bank of Japan in focus.

The BOJ kept its interest rate unchanged at -0.1%, but more importantly, it also decided to stick to the current yield curve control range, defying market expectations it would phase out its huge stimulus programme amid mounting inflationary pressure. The yen fell sharply weaker and bond yields lower. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE marginally firmer as rand weakens amid power crisisLocal currency weakens as load-shedding and its effect on the economy weigh
Source: BDliveSA - 🏆 12. / 63 Read more »