ECB DECIDED TO HOLD INTEREST RATE

BOE and ECB have decided to hold their respective interest rates which are already at record lows, and their concerns with the growth trajectory of the global economy.

IMF had earlier revised the growth rate from 3.3% to 3.1%.

China and pretty much of the major Asian economies have been steadily reduced their respective interest rates.

So how about the Federal Reserve? I think any rate hike will likely to be deferred until 2016, provided the global economy recovers and China's economic indicators are showing signs of improvement, which at as today, is still to be questioned.

The above is just my opinion, of course.