The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus. While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central bank decided … Read more
Federal Reserve officials expected to continue to make progress on reaching its threshold to scaling back their massive asset purchases, a record of their June gathering showed. “The Committee’s standard of ‘substantial further progress’ was generally seen as not having yet been met, though participants expected progress to continue,” according to minutes from the June … Read more
FRANKFURT: The European Central Bank said Thursday it would significantly ramp up the pace of its pandemic emergency bond buys, in a bid to soothe market jitters about a rise in government borrowing costs. The move over the next quarter is aimed at “preventing a tightening of financing conditions” while the eurozone economy is still … Read more