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Bank of Japan preview - "good chance of a YCC policy change at today’s meeting"
Comments from a morning note from ING, first on the CPI data earlier:unlike other major economies, Japan’s inflation hasn’t yet reached its peakHeadline inflation will continue to go down slowly due to base effects and falling global commodity prices, but core inflation will remain high for a considerable time.And on the Bank of Japan:We expect the BoJ to leave its policy rates unchanged, but we think there is a good chance of a YCC policy change at today’s meeting, which is a non-consensus view...
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Posted: Jul 28 2023, 01:40
Author Name: forexlive
Views: 080852