BOJ Summary Suggests Good Chance of December Interest Rate Hike
6 Articles
6 Articles
Members of the Bank of Japan's Executive Board discussed the appropriateness of continuing to raise the policy rate given that underlying CPI inflation has reached the price stability target of 2 percent.
BoJ Hawks Push for Faster Rate Hikes as Inflation Hits Target, but Consumption Risks Persist - ActionForex
The Bank of Japan’s October 29–30 Summary of Opinions revealed growing pressure among policymakers to accelerate interest rate normalization, as underlying inflation was assessed to have reached the 2% target. One opinion argued that the BoJ had entered “a new phase” requiring it to “step up the pace” of bringing the policy rate toward neutral, […]
According to the main opinions expressed at the Monetary Policy Meeting held on October 29th and 30th, released by the Bank of Japan on the 10th, policy board members suggested that the next interest rate hike should not be approached with excessive caution, but rather "should be implemented when possible." This comes as inflation has reached 2%, and the current economic climate is neither heating nor cooling down…
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