newagebd.net on Nostr: BoJ’s Ueda flags more rate hikes if economy, inflation on track ========== Bank of ...
BoJ’s Ueda flags more rate hikes if economy, inflation on track
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Bank of Japan governor Kazuo Ueda indicated potential interest rate hikes if inflation and economic performance align with forecasts; this follows a surprise rate increase on July 31, 2024, the second in 17 years; Ueda noted core inflation rose to 2.7% in July, driven by higher costs in electricity, gas, and processed food; market volatility was highlighted, with the yen strengthening against the dollar, reaching 145.29; the Nikkei 225 index fell over 12% on August 5, 2024, amid fears of a US economic slowdown; Ueda described the July rate hike as 'appropriate' due to rising wages.
#BankOfJapan #KazuoUeda #InterestRates #Inflation #Economy #Yen #Nikkei225 #FinancialMarkets #CoreInflation #MonetaryPolicy
https://www.newagebd.net/post/banking/243353/bojs-ueda-flags-more-rate-hikes-if-economy-inflation-on-track
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Bank of Japan governor Kazuo Ueda indicated potential interest rate hikes if inflation and economic performance align with forecasts; this follows a surprise rate increase on July 31, 2024, the second in 17 years; Ueda noted core inflation rose to 2.7% in July, driven by higher costs in electricity, gas, and processed food; market volatility was highlighted, with the yen strengthening against the dollar, reaching 145.29; the Nikkei 225 index fell over 12% on August 5, 2024, amid fears of a US economic slowdown; Ueda described the July rate hike as 'appropriate' due to rising wages.
#BankOfJapan #KazuoUeda #InterestRates #Inflation #Economy #Yen #Nikkei225 #FinancialMarkets #CoreInflation #MonetaryPolicy
https://www.newagebd.net/post/banking/243353/bojs-ueda-flags-more-rate-hikes-if-economy-inflation-on-track