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"BoJ will leave interest rates on hold until Q2 2024 at the earliest"

Commonwealth Bank of Australia with thier response to the Bank of Japan yesterday, in summary:The Bank of Japan (BoJ) kept its policy rate unchanged at - 0.1% and the 10 year Japanese government bond (JGB) yield target unchanged at 0%. The previous 1% hard upper limit for the 10 year JGB has been removed. Instead the 1% level will be viewed as a reference. Yield curve control is still in place. CPI inflation forecasts were revised higher. However the FY25 CPI forecast is 1.7%, below...
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Posted: Oct 31 2023, 23:47
Author Name: forexlive
Views: 041716