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Bank of Japan Monetary Policy Statement: Changes language around 1% 10year JGB cap

Bank of Japan Monetary Policy Statement: Changes language around 1% 10year JGB cap
BOJ October 30 / 31 Monetary Policy Board meeting decision - no extension of the cap to 1.5% but instead formalised the 1% cap. Keeps short-term interest rate target at -0.1% Keeps 10-year JGB yield target around 0% Widens reference range to 1.0% point up and down each around its 10-year JGB yield target vs previous 0.5% point Flexibly increase JGB buying, fixed-rate operations and collateral fund-supply operations Changes language around 1.0% 10-year JGB yield cap Decides to keep yield target b... Read More
Posted: Oct 31 2023, 03:27
Author Name: forexlive
Views: 112513

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