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BOJ's Ueda: We aim to rely on markets to determine long-term rates but there are limits

BOJ's Ueda: We aim to rely on markets to determine long-term rates but there are limits
The 0.50% to 1.00% frame is to respond to future risksNow, we have added room to deal with upward moves in interest ratesPolicy decision not biased towards tighteningThe 1.00% mark is defined as a "just in case" capIt is appropriate to maintain strong monetary easingAs mentioned earlier, this will very much be a teething process as markets have to try and figure out what is the BOJ's appetite in tolerating higher yields above 0.50% and under 1.00%. There will be times that the central bank may v... Read More
Posted: Jul 28 2023, 07:14
Author Name: forexlive
Views: 110582

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