Trump plan to devalue dollar a gift to China
TOKYO — Donald Trump would make currency devaluation great again in a second term.
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TOKYO — Donald Trump would make currency devaluation great again in a second term.
The Bank of Japan (BoJ) raised interest rates for the first time in 17 years on March 19, bringing an era of negative interest rates to an end. The key rate was hiked from –0.1% to a band from zero to 0.1% – a token effort to offer some tightening after decades of loose but unsuccessful monetary policy.
This is CNBC's live blog covering Asia-Pacific markets.
This is CNBC's live blog covering Asia-Pacific markets.
China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing's room to maneuver on monetary policy.