ILEA000062712: BOJ keeps key policy steady, cuts FY 2015 inflation outlook

Bank of Japan ends negative interest rates in historic policy overhaul

STORY: Bank of Japan ends negative interest rates in historic policy overhaul SHOOTING TIME: Earlier footage DATELINE: March 19, 2024 LENGTH: 0:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Japan 2. various of city views in Tokyo STORYLINE: The Bank of Japan (BOJ) on Tuesday decided to end its negative interest rate policy in its first rate hike in 17 years, marking a major shift away from the long-running monetary easing that Japan has seen over the past decade to put an end to deflation. After a two-day policy meeting, the central bank's policy board decided to guide short-term rate to a range of 0 to 0.1 percent, up a fraction from minus 0.1 to 0 percent, judging that its goal of attaining a stable 2 percent inflation is "in sight." "It came into sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner," the BOJ said in a post-meeting statement. On top of returning to positive rates, the BOJ also decided to scrap it

Turkish central bank keeps interest rate unchanged at 45 pct

STORY: Turkish central bank keeps interest rate unchanged at 45 pct SHOOTING TIME: Feb. 22, 2024 DATELINE: Feb. 23, 2024 LENGTH: 00:00:29 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping 2. various of Turkish Treasury and Finance Minister Mehmet Simsek 3. various of Fatih Karahan, the new Governor of Turkish Central Bank STORYLINE: Türkiye's central bank kept its interest rate unchanged at 45 percent on Thursday, completing a monetary tightening cycle to set the course for disinflation. "The current level of the policy rate will be maintained until there is a significant and sustained decline in the underlying trend of monthly inflation and until inflation expectations converge to the projected forecast range," said the bank in a statement. It added that the monetary policy stance will be tightened if a significant and persistent deterioration in the inflation outlook is anticipated. "Monetary transmission mechanism will be supported in case of unanticipated developmen

Expert remains cautious about inflation forecast in Türkiye

STORY: Expert remains cautious about inflation forecast in Türkiye SHOOTING TIME: Feb. 8, 2024, File DATELINE: Feb. 10, 2024 LENGTH: 00:05:01 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference of Fatih Karahan, the new Governor of Turkish Central Bank (Feb. 8, 2024) (courtesy of ihlas news agency) 2. various of Turkish Central Bank 3. various of Turkish lira 4. various of some apartments in Ankara, Türkiye 5. various of fields in Türkiye (01:03-02:12) (Aug. 5, 2022) (courtesy of ihlas news agency) 6. various of Turkish lira 7. SOUNDBITE (Turkish): MUSTAFA SONMEZ, Istanbul-based economist STORYLINE The new head of Türkiye's central bank said the bank will maintain its tight policy stance until high inflation drops to target, as it held its year-end consumer price forecast at 36 percent. In a press conference in the capital city of Ankara, Fatih Karahan said that monetary tightness will be maintained so long as a disinflation process yields results. Karahan recently replaced H

U.S. Fed leaves rates unchanged amid inflation progress

STORY: U.S. Fed leaves rates unchanged amid inflation progress SHOOTING TIME: Jan. 31, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:54 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as inflation continued to cool, while avoiding the signal of an imminent rate cut going forward. This latest policy meeting, the first in 2024, marked the fourth straight meeting for the central bank to hold policy rate steady. At a press conference Wednesday afternoon, Fed Chair Jerome Powell said that inflation eased from its highs without a significant increase in unemployment, which was "very good news," while noting that inflation remained above the Fed's longer-run goal of 2 percent. SOUNDBITE (English): JEROME POWELL, U.S. Federal Reserve Chair "Today, the FOMC decided to leave our policy

GERMANY-FRANKFURT-ECB-INTEREST RATES-PRESS CONFERENCE

(240125) -- FRANKFURT, Jan. 25, 2024 (Xinhua) -- European Central Bank (ECB) President Christine Lagarde (R) speaks during a press conference in Frankfurt, Germany, Jan. 25, 2024. The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged, as underlying inflation dropped in December last year. The three key interest rates will therefore remain at historically high levels. (Xinhua/Zhang Fan)

SRI LANKA-COLOMBO-CENTRAL BANK-PRESS CONFERENCE

(240123) -- COLOMBO, Jan. 23, 2024 (Xinhua) -- Governor of Sri Lanka's central bank Nandalal Weerasinghe speaks at a press conference in Colombo, Sri Lanka, Jan. 23, 2024. Sri Lanka's inflation could rise to over 7 percent in January, the country's central bank governor Nandalal Weerasinghe said on Tuesday. (Photo by Gayan Sameera/Xinhua)

European Central Bank leaves interest rates unchanged

STORY: European Central Bank leaves interest rates unchanged DATELINE: Oct. 28, 2023 LENGTH: 00:02:30 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of European Central Bank members 2. various of Athens open market 3. SOUNDBITE 1 (English): CHRISTINE LAGARDE, ECB President 4. various of Athens open market 5. SOUNDBITE 2 (English): CHRISTINE LAGARDE, ECB President STORYLINE: The European Central Bank (ECB) Governing Council decided to keep the three key ECB interest rates unchanged after 10 hikes in 15 months, it was announced on Thursday at the end of a two-day meeting on monetary policy in Athens. The interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 4.5 percent, 4.75 percent, and 4 percent respectively, according to an ECB press release. The incoming information has broadly confirmed the previous assessment of the medium-term inflation outlook, it was explained. According to the ECB Governing

India's central bank keeps repo rate unchanged at 6.5 pct

STORY: India's central bank keeps repo rate unchanged at 6.5 pct DATELINE: Oct. 8, 2023 LENGTH: 00:01:44 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India (RBI) 3. various of markets STORYLINE: India's central bank, the Reserve Bank of India (RBI), on Friday kept the key policy repo rate unchanged at 6.5 percent. This was the fourth time when the RBI kept the repo rate steady. Addressing media persons in financial capital Mumbai, RBI Governor Shaktikanta Das said, "After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI's Monetary Policy Committee (MPC) decided unanimously to keep the Policy Repo Rate unchanged at 6.5 percent." The announcement came after the RBI's six-member MPC held a meeting on Oct. 4-6. The RBI governor stated that the retail inflation was projected at 5.4 percent for the financial year 2023-24 through next March. "Headline inflation had surged in July driven by tomatoes an

Norway's central bank raises policy rate to 4.25 pct

STORY: Norway's central bank raises policy rate to 4.25 pct DATELINE: Sept. 22, 2023 LENGTH: 00:01:31 LOCATION: Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of Norges Bank 2. various of a press conference held in Norges Bank 3. various of Norges Bank STORYLINE: Norges Bank, Norway's central bank, on Thursday increased its benchmark interest rate from 4.0 percent to 4.25 percent to curb inflation. Norges Bank Governor Ida Wolden Bache told reporters that the country's current inflation rate remains significantly above the targeted 2 percent. In Norway, prices have increased for a range of goods and services. According to official figures, the 12-month rise in the consumer price index (CPI) was 4.8 percent in August, higher than expected. "Persistently high inflation imposes substantial costs on society. A somewhat higher interest rate is imperative to align inflation with the target within a feasible timeframe," Bache said. She said challenges prevail in the labor market with its continuing tightness. In

Türkiye's central bank raises interest rate to 25 pct

STORY: Türkiye's central bank raises interest rate to 25 pct DATELINE: Aug. 25, 2023 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Turkish central bank and Turkish lira 2. various of Hafize Gaye Erkan, Governor of the Turkish Central Bank 3. various of Mehmet Simsek, Turkish Treasury and Finance Minister 4. various of the Turkish central bank and Turkish lira 5. various of U.S. dollars STORYLINE: Türkiye's central bank on Thursday raised its benchmark interest rate by 750 basis points to 25 percent from 17.5 percent in a move against high inflation and currency fluctuations. "The Monetary Policy Committee has decided to raise the policy rate (the one-week repo auction rate) from 17.5 percent to 25 percent," the central bank said in a statement. The central bank noted recent indicators point to a continued increase in the underlying trend of inflation. The policy rate will be determined in a way that will create monetary and financial conditions necessa

BOJ keeps key policy steady, cuts FY 2015 inflation outlook

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