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The Boj Publishes a New Estimate of the Neutral Rate
Summary by El Economista
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The Bank of Japan (BOJ) published an updated estimate of the country's neutral interest rate, as part of its efforts to improve communication by ending an era of ultra-low returns.The publication came at a time when the market is paying increasing attention to the close proximity of the central bank's short-term official interest rate to levels considered neutral for the economy, which is key to determining the pace and timing of the additional …
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