BoJ’s Noguchi: Main scenario is that future rate hikes are likely to be slow
Source Fxstreet
Apr 18, 2024 05:31
Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “main scenario is that future rate hikes are likely to be slow, but that depends on economic data.”
Additional quotes
Will take into account cost-driven inflation and policy adjustment if higher wages lead more to higher prices.
It will take a considerable amount of time till positive cycle takes root.
The likelihood of reaching 2% inflation target in about 2 years is rising.
Some big firms are benefiting from weaker Yen.
Prolonged Yen weakness could have various impacts including on wages and prices.
Those factors will have to be taken into account when deciding monetary policy.
BoJ will cautiously monitor the likelihood of achieving 2% trend inflation.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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BoE's Pill: Time for cutting bank rate remains some way off"The combination of little news and the passage of time have brought a bank rate cut somewhat closer," Bank of England (BoE) Chief Economist Huw Pill said on Tuesday and added: "The lack of news gives me no reason to depart from my baseline that the time for cutting bank rate remained some way off." Key takeaways "Caution against expectations that the Bernanke report will lead to a rapid change in how UK monetary policy is presented." "How, when, I would vote for a bank rate
"The combination of little news and the passage of time have brought a bank rate cut somewhat closer," Bank of England (BoE) Chief Economist Huw Pill said on Tuesday and added: "The lack of news gives me no reason to depart from my baseline that the time for cutting bank rate remained some way off." Key takeaways "Caution against expectations that the Bernanke report will lead to a rapid change in how UK monetary policy is presented." "How, when, I would vote for a bank rate
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