Bank of Japan Governor Haruhiko Kuroda: negative interest rate does not replace the current quantitative easing

Market news

29 January 2016

Bank of Japan Governor Haruhiko Kuroda: negative interest rate does not replace the current quantitative easing

The Bank of Japan (BoJ) Governor Haruhiko Kuroda said in a press conference on Friday that negative interest rate does not replace the current quantitative easing, adding that its additional stimulus measure.

The central bank on Friday lowered its interest rate to -0.1% from 0.1%, added that it could cut its interest rate further if needed. Analysts did not expect this decision.

Only 5 of 9 board members voted for the interest rate cut.

Central Bank of Russia keeps its key interest rate unchanged at 11.0% in January

The People's Bank of China injects 100 billion yuan into market

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