BOJ likely to skip rate hike in July, former official says

Quick Summary:

A key focus of the BOJ’s July gathering is the pace at which it will pare back its bond buying from the current ¥6 trillion per month.

Mr Hayakawa’s remarks support the majority view of BOJ watchers that the bank won’t raise rates at the end of a two-day meeting on July 31.

The central bank needs more time to assess incoming data this summer when the economy is expected to pick up, he said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Hayakawa Buying Bond Data Expected July Bank Central Trillion Rates Weakness

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 09:25:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 764 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21668988

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