Bank of Japan Sticks to Ultra-Loose Stance, Dashing Hopes for Normalization
The central bank of Japan maintained its accommodative monetary setting and dovish outlook, against hopes that it could at least signal a change in strategy
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The central bank of Japan maintained its accommodative monetary setting and dovish outlook, against hopes that it could at least signal a change in strategy
Watch today’s US Open for insights on the outcomes of the policy meetings by the Fed, the BoE and the ECB, as the Bank of Japan picks up the baton next week
Core inflation for November printed at 4%y/y, which is unchanged, whilst headline inflation did moderate at 3.1% y/y (3.2%), albeit the pace of disinflation slowed from a month ago. The core month-on month reading was 0.3%, which equates to an annualised 3.66% - still higher than the Federal Reserve’s target of 2%. This combined with the higher than anticipated jobs data has put a dampener on the prospects of rate…
Watch today’s US Open for insights on the US inflation update and the upcoming pivotal decisions by the US Fed, the Bank of England and the European Central Bank
Watch today’s US Open for insights on the USD/JPY slump on BoJ pivot hopes, Eurozone’s Q3 contraction that bolsters prospects of peak ECB rates, Friday’s US jobs report and more
Watch today’s US Open for insights on the dovish hold by the Australian central bank, the drop in oil prices despite OPEC+ cuts, dovish ECB remarks and more
The central bank of Australia kept rate unchanged after last month’s hike and maintained its recently softened guidance around upcoming moves
Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more
The central bank maintained rates at 5.5% for fourth straight meeting on Wednesday, but appeared concerned about inflation, warning of further tightening and raising its terminal rate projection
Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
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