Bank of Japan maintains its rate unchanged

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Source: Marketwatch

The Japanese central bank decided to maintain its monetary policy unchanged at a policy board meeting led by Gov. Masaaki Shirakawa on Thursday, leaving space for an aggressive monetary policy expected to be applied in order to boost the economy. The Bank of Japan will keep the loan rate in a range of 0.0%-0.1% with the size of the bank's asset-purchase programme at Y101 trillion ($1.08 trillion) by the end of 2013.


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Thu, 07 Mar 2013 13:40:04 GMT

Swiss jobless rate stays unchanged in February

Unemployment rate of Swiss economy stayed unchanged in line with economists' predictions at seasonally adjusted 3.1% in February, the State Secretariat for Economic Affair (SECO) reported on Thursday. Switzerland's jobless rate recorded the same level as in January, when it went up to 3.4%, while the total figure of registered unemployed people dropped by 2,157 to 146,001.

Thu, 07 Mar 2013 13:07:03 GMT

Iron rallies but not for long, Morgan Stanley says

Iron ore price increased by 0.4% to $145.8 per dry ton Wednesday on the Steel Index in China. The price peaked at $158.9 on 20th of February and was the most expensive in more than one year period. However, investment banks Morgan Stanley and Deutsche bank say that price will face a bearish pressure, since the supply will drastically increase this year. According to estimations,

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