Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 07/12/2021 11:52 
28.10.2021 10:26 News >> Bank Of Japan Keeps Interest Rates Steady, Cuts Inflation And Growth Forecasts For 2021

Bank Of Japan Keeps Interest Rates Steady, Cuts Inflation And Growth Forecasts For 2021

GDP growth projection for fiscal year ending in March decreased to 3.4%

The Bank of Japan (BoJ) on Thursday held its benchmark interest rate unchanged at minus 0.1% while reducing its economic growth and inflation forecasts for this fiscal year ending in March.
"The Bank will apply a negative interest rate of minus 0.1% to the Policy-Rate Balances in current accounts held by financial institutions at the Bank," it said in a statement.
The BoJ said it will maintain monetary easing with an aim of achieving the price stability target of 2%.
"It will continue expanding the monetary base until the year-on-year rate of increase in the observed consumer price index exceeds 2% and stays above the target in a stable manner," the bank added.
Meanwhile, the GDP growth projection for the fiscal year 2021 was decreased to 3.4%, down from its previous forecast of 3.8% due to the impact of COVID-19 on consumption activities, supply-side constraints, and developments in overseas economies.
The bank also cut its forecast for consumer prices index to 0% from 0.6% for the fiscal year. -



        Latest News
Memphis Grizzlies Beat Miami Heat 105-90 For 5Th Straight Win 13 minutes ago...
5 players register double digit points for Tennessee team.
Saudi Aramco Sells 49% Stake In Natural Gas Pipeline Network 28 minutes ago...
Announcement comes five months after $12.4B lease transaction concluded in June with investors led by EIG Global Energy Partners.
Oil Rises As Investors See Low Risk Of New COVID-19 Variant 28 minutes ago...
Upward price boosters include Saudi Arabia's decision to raise crude prices to Asian and US customers, and impasse in US Iran talks.
Death Toll From Indonesia's Semeru Volcano Climbs To 34 43 minutes ago...
4 teams are working to locate 16 missing people, local media reports citing officials.
Turkey, UK Should Be Cybersecurity Allies, Says British Expert 43 minutes ago...
As threats, warfare change globally, Turkey 'got it right' investing so much effort in cyber security, says ex UK lawmaker.

 
      Top News
Diary Diary
France To Close Nightclubs, Discos Amid Surge In COVID Infections France To Close Nightclubs, Discos Amid Surge In COVID Infections
Kazakhstan, Uzbekistan Sign Alliance Declaration Kazakhstan, Uzbekistan Sign Alliance Declaration
Russia Begins Supply Of S-400 Defense System To India Russia Begins Supply Of S-400 Defense System To India
Hungary Head Coach Claims Fenerbahce Defender Szalai Set To Join Chelsea Hungary Head Coach Claims Fenerbahce Defender Szalai Set To Join Chelsea
Turkish Opposition Lawmaker Criticizes Government's 2022 Budget Proposal Turkish Opposition Lawmaker Criticizes Government's 2022 Budget Proposal
2 Peshmerga Fighters Killed In Daesh/ISIS Terrorist Attack In Northern Iraq 2 Peshmerga Fighters Killed In Daesh/ISIS Terrorist Attack In Northern Iraq
Israeli Soldiers Kill Palestinian In Occupied West Bank Israeli Soldiers Kill Palestinian In Occupied West Bank
Fenerbahce Beat Rizespor 4-0 As Serdar Dursun Scores Hat-Trick Fenerbahce Beat Rizespor 4-0 As Serdar Dursun Scores Hat-Trick
India's Nagaland State On Edge After Army Kills At Least 13 Civilians India's Nagaland State On Edge After Army Kills At Least 13 Civilians