The Bank of Japan considers extending the period of corporate financing measures
During the interview, Bank of Japan President Haruhiko Kuroda said that the local economy is gradually recovering, but given the increase in the number of new pneumonia diagnoses outside Tokyo, the economic downside risk is quite high. He also pointed out that if necessary, the central bank will consider extending the period of corporate financing measures that expire in March next year to provide funds for companies affected by the new virus epidemic. In the future, the central bank can provide the market with a wide range of funds by including expanding loan plans, reducing short-term and long-term interest rate targets, and increasing ETF purchases.
RBA keeps interest rates unchanged at 0.25%
After the interest rate meeting, the Reserve Bank of Australia announced to maintain interest rates unchanged at 0.25%, in line with market expectations. The announcement reiterated that interest rates will remain unchanged until progress is made in achieving full employment and inflation targets. In the face of the worst economic contraction since 1930, the central bank promised to do its best to support employment and enterprises, and announced that it would resume the purchase of treasury bonds from tomorrow (5th), and will increase it if necessary. Although the global economic outlook is full of uncertainties, the central bank is still optimistic that the worst time for the recession has passed, and the progress of the recovery will depend on the degree of control of the epidemic.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/