Description
Added on the 13/06/2015 00:21:13 - Copyright : Reuters EN
Tokyo, Jun 21 (EFE/EPA).- Tokyo's stock market index Nikkei plunged 3.29 percent, or 953.15 points, to close at 28,010.93 Monday following investors' concern over a potential US interest rate increase. (Camera: FRANCK ROBICHON).SHOT LIST: PEOPLE WALK PAST A STOCK MARKET INDICATOR BOARD IN TOKYO, JAPAN.
Stocks rallied as investors viewed Friday's poor jobs report as reason for the Fed to put off rate hikes. Jeanne Yurman reports.
"A decision on a pause was not made today," Fed Chair Jerome Powell says during a press conference when asked whether the US Federal Reserve has made the decision to pause rate hikes. SOUNDBITE
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
The European Central Bank unleashes another jumbo interest rate hike on the eurozone in an effort to combat record-high inflation, which has soared towards 10 per cent, and bring rising prices under control. The decision has been made despite concerns mounting over a darkening economic outlook. "With this third major policy rate increase in a row" says Christine Lagarde, ECB President, "we have made substantial progress in withdrawing monetary policy accommodation." SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
