The Bank of Japan kept interest rates on hold on Wednesday and said the economy was continuing to pick up, but analysts say prolonged deflation is likely to keep government pressure simmering for further monetary easing.
“Japan’s economy has been picking up, mainly due to improvements in overseas economies and various government policy steps, although it [...]
Posts Tagged ‘bank rate’
BOJ keeps rates on hold, says economy picking up
April 7th, 2010 by HardMoney Writer
Tags: bank of japan, bank rate, central bank, economy, hard money
more...Moneyfacts: 1 in 10 variable rates reduced
November 5th, 2009 by HardMoney Writer
Despite the base rate of interest remaining the same since March, one in ten banks has reduced their variable savings rates, according to Moneyfacts.
Currently, 48.8 per cent of all variable-rate accounts pay the bank rate or less and 22.8 per cent pay customers 0.1 per cent on their savings.
In the last month, 3.9 per cent [...]
Tags: bank rate, interest rates, investments, moneyfacts
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