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BOJ unveils new tool to defend yield control policy

BOJ unveils new tool to defend yield control policy

Info via Reuters:

  • Bank of Japan on Wednesday amended rules for a fund-supply market operation to use it as a new tool to prevent long-term interest rates from rising too much, in a show of its resolve to maintain yield curve control (YCC) for the time being.
  • Under the amended rules, the central bank can offer funds of up to 10 yea... Read More
Posted: Jan 18 2023, 04:17
Author Name: forexlive
Views: 110821

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