News Formal

Ex-BoJ official: No more rate hike this year due to market instability

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Could Japan’s sluggish recovery be halting further rate hikes this year, as hinted by the Bank of Japan's board members?

In an unexpected turn of events, experts, including a former Bank of Japan board member, suggest that further rate increases are unlikely this year due to the resulting market turmoil and Japan’s sluggish economic recovery.

Currently, it suggests a reduced likelihood of the BOJ implementing another rate hike before the end of the year, in contrast to the initial outlook immediately following the rate increase in July.“In the process of returning to normal monetary policy, it’s good that they decided to move from a world of almost zero interest rates to a normal 0.25%.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan’s Bank Stocks Climb as BOJ Reported to Consider Rate Hike(Bloomberg) -- Japanese bank stocks rose the most since December 2022 after the nation’s central bank raised its benchmark interest rate and unveiled plans...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »