Search result for low interest rate
Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.
Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...
BANK OF ENGLAND ANNOUNCES BOND-BUYING PROGRAMME
Highlights –
- To fight COVID-19 pandemic crisis, BoE has announced a bond-buying programme.
- BoE plans to buy at least $125 billion bonds.
- BoE is also trying to steer inflation back to its 2% target.
- BoE hopes to keep th...
$50 BILLION AID TO SMALL AND MEDIUM VIRUS IMPACTED BUSINESS: TRUMP
Highlights:
- Aid to provide relief to the virus outbreak impacted small & medium businesses
- Trump announces a $50 billion to be channelled through SBA
In an attempt to support the economy and help the small and t...