imposed

2023-12-19 11:42:52

Noha Makram – Live – The Bank of Japan maintained its ultra-loose monetary policy on Tuesday, in a widely expected move, with the bank preferring to wait for more evidence that wages and prices will rise enough to justify a shift away from its massive stimulus policy.

The central bank fixed short-term interest rates at -0.1% and 10-year government bond yields at 0%, and also maintained its pledge to enhance stimulus “without hesitation” if necessary.

The Japanese yen fell and Japanese stocks rose following the Central Bank of Japan’s decision to maintain its accommodative policy.

Moreover, there were no changes to the central bank’s accommodative guidance, dashing some traders’ hopes that the Japanese central bank would change its tone to signal a near end to negative interest rates.

Kazuo Ueda, Governor of the Bank of Japan, said that prices and wages appear to be moving in the right direction, with the labor union and major companies indicating the possibility of continuing to rise in wages next year, but he warned that uncertainty still mars the situation.

Ueda added that the possibility of inflation accelerating towards the target is gradually increasing, explaining that he still needs to ensure that the cycle of rising wages continues.

More than 80% of economists in a Archyde.com poll expected the Japanese Central Bank to end the negative interest rate policy next year, as some consider April to be the most appropriate time to end it, while others see a change in monetary policy in January.

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Nominations:

Global stocks fell amid anticipation of the Japanese central bank meeting

The European Central Bank holds interest rates and lowers its growth expectations

Goldman Sachs adjusts its expectations regarding the US interest rate cut

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#Japanese #central #bank #maintains #negative #interest #rates

2023-12-05 12:06:44

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#Global #stocks #stabilize #euro #zone #revenues #decline

2023-11-29 19:21:27

Live: Gold prices consolidated their gains, at the close today, Wednesday, with increasing investors’ expectations that the Federal Reserve will end its monetary tightening cycle in the United States.

Upon settlement, gold futures prices for February delivery (the most active) rose by 0.35%, or $6.9, at $2,067.1 per ounce, which is the highest level at the end of the session since the fifteenth of last May, following touching $2,072.7 during trading.

While the dollar index – which measures the performance of the US currency once morest a basket of six major currencies – settled at 102.76 points at 09:43 pm Mecca time, following touching 102.47 points, which is the lowest level since the eleventh of August.

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Nominations

Egypt obtains a loan of $956.6 million from the China Development Bank

Minister of Housing: 1,920 units are being finished in the Jannah project in the Sheikh Zayed City expansions

Suez Canal revenues rise to $9.4 billion during 2022-2023

Minister of Electricity: Egyptian networks are among the strongest in the region… and we have reached 59 thousand megawatts

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#Gold #prices #rose #globally #Wednesdays #trading