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BOJ Is Said to Be Closer to Rate Hike With Little Need to Rush
4 Articles
4 Articles
BOJ Is Said to Be Closer to Rate Hike With Little Need to Rush
Bank of Japan officials are of the view there’s no urgency to hike the benchmark rate next week even as the economy is making progress toward achieving their price target, according to people familiar with the matter.
USD/JPY surges as BOJ hike odds collapse ahead of CPI data – BBH
USD/JPY rallied by roughly 0.8% to 151.60. Unverified sources signal that Bank of Japan (BOJ) officials are of the view there’s no urgency to hike the benchmark rate next week. Interest rate futures quickly slashed BOJ October rate hike bets from 25% to under 10%, BBH FX analysts report.
Bank of Japan Officials in No Hurry to Raise Policy Rate Next Week
Markets After a (brief) spike in risk-aversion/volatility over the previous 10-days, markets returned to an ‘easy going, low volatility environment’. Moves in core interest rates and FX were limited. Stocks thrived. Markets again turned more confident on a China-US trade deal after some comforting comments from US officials, including president Trump. For now, there is […] The post Bank of Japan Officials in No Hurry to Raise Policy Rate Next We…
The Bank of Japan is not in a position to rush into raising interest rates at its monetary policy meeting this month, but believes that the environment is becoming favorable for an early rate hike, including as soon as December, according to interviews with multiple people familiar with the matter.
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- 100% of the sources lean Left
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