"In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits." (Source: BBC)
The U.S. central bank began raising interest rates Dec. 16 from record lows, as it hiked its benchmark rate by a quarter of a percentage point. (Source: CBC)
Chris Ragan, Department of Economics
“Increases in the policy interest rate in the United States will reflect the data showing that the U.S.
Economy is really strengthening, after years of a sluggish recovery.
With the U.S. Presidential Election Day on November 6, Americans must decide whether to re-elect President Barack Obama for a second term or vote for Republican candidate Mitt Romney.