BOJ preview: likely to trim bond purchases, but rate hike unlikely
Investing.com-- The Bank of Japan is widely expected to keep its benchmark policy rate unchanged at the conclusion of a meeting this Friday, although analysts expect the central bank to tighten policy by reducing its pace of bond purchases.
This is expected to limit the BOJ’s capability to tighten policy, which fed into expectations that while the central bank will still keep rates steady, it will tighten policy through other means. Evercore expects a hike between July to October, which could put Japanese rates at 0.25%. Depending on inflation and the Japanese economy, the BOJ could hike rates to 0.75% by mid-2025.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoJ’s Kato: BoJ has no plan to immediately unload its ETF holdingsBank of Japan (BoJ) Executive Director Kato said on Monday that the “BoJ has no plan to immediately unload its exchange traded funds (ETF) holdings.” Kato said “I hope to spend time examining how to unload BoJ’s ETF holdings in the future.” .
Read more »
Morning Bid: Trimming risk exposure as BOJ, Fed loomMorning Bid: Trimming risk exposure as BOJ, Fed loom
Read more »
BOJ chief Ueda reaffirms resolve to trim bond buyingBOJ chief Ueda reaffirms resolve to trim bond buying
Read more »
BOJ to decide bond-purchase reduction by end-July, say economistsBOJ to decide bond-purchase reduction by end-July, say economists
Read more »
Ueda says BOJ will proceed cautiously with inflation targeting frameworksUeda says BOJ will proceed cautiously with inflation targeting frameworks
Read more »
BOJ's underlying inflation measures in April all fall below 2%BOJ's underlying inflation measures in April all fall below 2%
Read more »