Following the Fed's decision to raise US interest rates, the People's Bank of China and the Bank of England have chosen to stand pat on their respective monetary policies. Mikio also looks ahead to the Bank of Japan's decision today.

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Tags:  Fed,  Federal Reserve,  Janet Yellen,  PBOC,  People's Bank of China,  ECB,  European Central Bank,  BOE,  Bank of England,  BOJ,  Bank of Japan,  monetary policy,  tightening,  easing,  political risk,  credit risks,  deleveraging,  inflation,  jobs growth,  employment,  data dependent,  balance sheet,  job growth