AUD/JPY retraces its recent gains from the previous session, trading around 96.30 during the Asian hours on Friday.
AUD/JPY edges lower as rising real wages bolster expectations of further BoJ rate hikes before the end of 2024. BoJ’s Takata stated that if the economy and prices move as expected, we will adjust the policy rate in several stages. RBA Governor Michele Bullock stated that it is too early to consider rate cuts.
Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%.
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