The Bank of Japan decided Friday to expand its monetary easing policy to prop up the world's third-largest economy amid sluggish domestic spending and economic uncertainty abroad, but the move disappointed investors.
The European Central Bank left both its key interest rates and its daily bond-buying programme on hold Thursday saying that borrowing costs in the eurozone will remain at their current level for a protracted period of time.
Sentiment among large Japanese manufacturers was unchanged in June amid global economic uncertainty following Britain’s vote last week to leave the European Union, the Bank of Japan’s quarterly survey showed Friday.
The European Central Bank surprised markets on Thursday by cutting all three of its key interest rates as part of a bolder-than-expected package of measures to head off dangerously low inflation and fire up the sluggish eurozone economy.
The European Central Bank delivered on Thursday a surprise cut in interest rates and boosted its bond-buying programme as part of its efforts to head off dangerously low inflation while firing up the sluggish eurozone economy.
The European Central Bank is expected to leave interest rates on hold Thursday, but could signal plans for further monetary action in the coming months amid a sharp fall in oil prices and worries about global economic uncertainties.