TOKYO - Tokyo stocks plunged Friday despite the Bank of Japan's decision to cut its key interest rate
for the first time in more than seven years, as market players have already factored in the move and instead leaned toward selling for quick profits following recent gains.
If the BOJ fails to meet the market expectation and decides to hold the key interest rate
unchanged, it could trigger a sharp downturn in the stock market and eventually a higher yen,'' Tanaka said.
The Supervisory Council of the Bank of Albania reduced the key interest rate
by 25 basis points to 3.
TOKYO - The Bank of Japan left its key interest rate
unchanged Tuesday, downgrading its overall assessment of economic conditions, calling the Japanese economy ''sluggish'' due to rising inflation and weak exports.
Meanwhile, the European Central Bank is widely expected to raise its key interest rates
as early as next Thursday when it holds its monetary policy meeting as ECB President Jean-Claude Trichet has indicated that the central bank may raise its key interest rate
from the current 4 percent as early as July.
The Indian central bank was likely to cut key interest rates
Despite the economic recovery, the Bank of Japan has refrained from raising the key interest rate
since wage growth has been stagnant and personal spending has been weak.
On Monday, the apex bank reduced its key interest rate
for January by 25 basis points to 1.
The European Central Bank said Thursday it has decided to leave its key interest rate
unchanged at a record-low 2.
The central bank is expected to keep its key interest rate
at a record-low of 2.
In line with market expectations, the State Bank of Pakistan (SBP) left the key interest rate
unchanged at 5.
Summary: The Executive Board of the Central Bank of Tunisia has decided to keep its key interest rate