The Bank Of Japan Ends Its Negative Interest Rate Policy, Opting For Its First Hike In 17 Years

The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but things are “moving in the right direction”. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

While the move will be Japan's first interest rate hike in 17 years, it still keeps rates stuck around zero as a fragile economic recovery forces the central...

The sensex took a dip on Tuesday due to various global and local factors. Japan's first interest rate hike in 17 years and concerns about overvaluation in...