Friday, October 31, 2014

Bank of Japan expands its monetary stimulus in a 5-4 vote

      Bank of Japan expands its monetary stimulus in a 5-4 vote
      The central bank decided to increase the pace at which it expands base money to about 80 trillion yen from 70 trillion targeted previously
      It will increase its purchases of government debt and extend the average duration to about 7-10 years
      JPY plunged to a six-year low against the dollar while Nikkei surged almost 3% following the announcement

      NZD strengthened after Chinese authorities lifted a temporary import ban from the New Zealand’s biggest dairy exporter: NZD-positive
      Today:
      Germany: Retail sales for September 
      Eurozone: Unemployment rate for September is also coming out along with the bloc’s CPI estimate for October
      Norway: Official unemployment rate for October
      Canada: GDP for August is expected to have remained unchanged from the previous month
      US: Personal income, personal spending, PCE deflator and core PCE, all for September

      Speakers: ECB Governor Luis Maria Linde speaks

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