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The move brings that key lending rate down to just 0.75 percent, from the already-record-low level of 1 percent set in June.

“The bank is increasingly anxious about the impact that low oil prices will have on the economy, having trimmed their growth forecasts for mainland GDP for 2016 and 2017”, said economist Colin Bermingham from BNP Paribas. “The Board has therefore made a decision...

That dilemma was compounded by “the (domestic) combination of sharply slowing growth and rising inflation“, bank Governor Lesetja Kganyago told a news conference after it cut its 2015 economic growth forecast to 1.5 percent from 2.0 percent.

Yao said the Fed should set objective conditions that will trigger a rate hike, such as inflation, unemployment and risks of property and housing bubbles.

Wall Street was up on Monday along with a rebound in European stocks.

After a week of build-up, debate and second-guessing, the US Federal Reserve chose to keep interest rates on hold.

“We may continue to see a downward progression for stock markets, as investors adjust to a world where growth is expected to be weaker…”

“Leaving United States interest rates at rock bottom could mark a turning point for the relative performance of emerging and developed markets”, said analyst Jasper Lawler at CMC Markets UK.

Mike van Dulken, head of research at Accendo Markets, said investors are feeling uneasy after the Fed highlighted “concerns about external factors such as China, market volatility and deflation derailing a [U.S.] recovery”.

There are only two more meetings left for the Fed this year – in October and December – and it’s likely that the Fed might want to see a few more employment reports and monitor the Chinese markets before making the decision.

Over the next month the market’s “fixation is going to shift” away from Fed lift-off talk, he says, and toward figuring out how the US and global economy is doing and what the outlook is for third-quarter corporate earnings.

BANK OF JAPAN: Japan’s central bank was wrapping up a two-day policy meeting on Tuesday, with most economists expecting it to retain its current, ultra-lax monetary policy. China’s Shanghai Composite Index fell 3.5 percent to 3,005.17. It appreciated 0.7 percent to...

US Federal Reserve decided not to immediately hike interest rates, surprising many who had expected to see rate moving up in the world’s top economy after several years.

On Friday the rupee appreciated to a one-month high and bond yields fell to an over three-month low after the US Fed decided to keep interest rates unchanged in its meeting.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.