Interest Rates and US Federal Reserve

Bank of Japan: But the Bank of Japan surprised markets by making no change to interest rates or its stimulus program, according to Australian Broadcasting Corporation. Australian stocks lost ground after the announcement but recovered through the afternoon. The market opened higher after the US Federal Reserve left interest rates unchanged, and appeared unlikely to raise interest rates again in a hurry. The All Ordinaries index added 0.75 per cent to close at 5,289. Mining stocks led the way, shrugging off lower iron ore prices while Fortescue Metals jumped by 6.2 per cent to $3.25. The ASX 200 index rose by 38 points to finish on 5,225. (news.financializer.com). As reported in the news.