Bank of Japan alters policy to spur growth (news: 21/09/16)

Today’s Press

Bank of Japan alters policy to spur growth

The bank kept interest rates unchanged, but said it would aim to keep yields on 10-year government bonds at around current levels of zero percent.

U.S. Economic Growth Slashed on Trade, Investment Concerns

Citing “weak trade growth” and “financial distortions” caused by unconventional interest rates and monetary policies, the Organization for Economic Cooperation and Development on Wednesday was again forced to downgrade its global economic growth outlook.

Poloz signals delay in interest rate increase as economy struggles

Bank of Canada Governor Stephen Poloz is warning that a move to raise interest rates will likely be delayed again as the Canadian economy struggles to gain traction in a slow-growth world.

Next Trading Day’s Important Events

16:00 (GMT+3) ECB President Draghi’s Speech

20:00 (GMT+3) BOE’s Governor Carney speech

Forex Quotes:

USDJPY: 100.79

EURUSD: 1.1145


S&P 500: 2,139.76

NASDAQ : 5,241.35

Source:: Bank of Japan alters policy to spur growth (news: 21/09/16)

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