Fed And BoJ Decisions Encourage Investments In Emerging Markets

US Federal Reserve and the Bank of Japan decisions taken at the end of the 20/21 September monetary policy meeting were welcomed by equity and bond investors. The Bank of Japan decided to maintain unchanged both the interest rate at -0.1% and the quantitative easing program at JPY 80 trillion, but decided to pursue operations to keep the 10-year government bond yields at 0%. The aim of the operations is to increase the steepening the yield curve, increasing banks’ profitability.

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