BoJ maintains ultra-low interest rates despite market pressure

A passerby walks past an electronic monitor displaying the Nikkei Stock Average in Tokyo, Japan, 18 January 2023. EFE/EPA/FRANCK ROBICHON

Tokyo, 18 Jan (EFE).- The Bank of Japan said Wednesday it would continue its policy of ultra-low interest rates and defended its stimulus plan despite soaring inflation. Following a two-day policy meeting, BoJ governor Haruhiko Kuroda told reporters the bank would maintain its yield curve control (YCC) program at -0.1% for short-term interest rates and … Read more

Spain axes VAT of basic foods in third raft of anti-crisis measures

Spanish prime minister, Pedro Sánchez, during a press conference after the Council of Ministers held at the Palacio de La Moncloa in Madrid, Spain, on 27 December 2022. EFE/ Juan Carlos Hidalgo

Madrid, Dec 27 (EFE).- The Spanish government put forward a new raft of measures to tackle the cost of living crisis on Tuesday that will see VAT slashed on food products over the next six months. Prime minister Pedro Sánchez discussed the third package of measures to mitigate the economic fallout of the war in … Read more