BoJ’s Noguchi: Main scenario is that future rate hikes are likely to be slow
Source Fxstreet
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.
Recommended Articles
Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gainsGold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD). Traders will take more cues from the Fedspeak later on Monday.
Gold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD). Traders will take more cues from the Fedspeak later on Monday.
Ethereum is trading near $3,150 and just 8% above a key $2,895 long-term holders’ cost basis, with on-chain flows, macro uncertainty and support around $3,000–$2,800 all shaping what comes next for ETH.
Ethereum's price plunged below $3,000 for the first time in four months, marking growing concerns of a potential end to the bull market.
Bitcoin's recent drop below $90,000 may signal a market bottom, according to industry leaders.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Look for a Foothold After a Sharp ShakeoutBitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Bitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
