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BOJ buys record $7.8 billion of Japanese ETFs to support market

TOKYO / Reuters The Bank of Japan (BOJ) bought the largest amount of exchange-traded funds (ETFs) on record in March as the central bank supported a market hit by a rising yen and fears of a global trade war. The central bank, which usually buys ETFs to support the market when shares fall in morning trade, said it bought a ...

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Easter price push keeps ECB on track for ending stimulus

BRUSSELS / Reuters An early Easter helped drive a pick-up in euro zone inflation in March, keeping the European Central Bank on track with preparations to wind down its huge stimulus programme in coming months. Inflation in the 19 countries sharing the euro was 1.4 percent year-on-year, European Union statistics office Eurostat estimated on Wednesday — in line with market ...

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‘Oman has means to maintain its currency peg’

Bloomberg Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank Governor Tahir Al Amri said. Oman’s gross foreign currency reserves, which stood at $19.6 billion at the end of January, are enough to cover nearly nine months’ worth of imports, ...

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