BOJ No Change, ECB Looks for Recovery, Turkey Delays: Eco Day

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Good morning Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • The Bank of Japan said it would keep interest rates extremely low through at least around spring 2020 to assure investors that monetary policy will remain highly accommodative, even as the negative side effects of stimulus pile up
  • European Central Bank policy makers looking for a recovery need to pin their hopes on a year of two halves as the economy shakes off the doldrums of a global slowdown
  • Turkey may not get around to lowering interest rates until next quarter, delaying its return to monetary easing after weeks of political drama and currency upheaval followed the central bank’s last meeting
  • South Korea’s gross domestic product shrank the most in a decade as declining investment, weakness in the technology sector and falling exports take a toll on Asia’s fourth-largest economy
  • Bloomberg economist Yuki Masujima says the Bank of Japan still has a lot of work to do
  • Global investors newly interested in China’s bond market need accurate ratings, write David Qu and Chang Shu

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