Moody's Analytics said in a note that it expected the Bank of Japan to hold its ground at its September 19 and 20 monetary policy meeting. Although the Bank of Japan has tightened policy faster than expected and hinted at the possibility of further rate hikes, Moody's expects the next rate hike to come in October.
Japan's economy is struggling to shake off the gloom because of weak consumer spending and exports, the report said. "Inflation will rise sharply in the near term as the government reduces assistance to household energy bills ahead of the introduction of new support measures," Moody's said, forecasting core inflation to accelerate from 2.7 per cent in July to 2.9 per cent in August.
Moody's: Bank of Japan expected to stay put this week
2024-09-16 03:33:15
Moody's Analytics Inc. a report in which it is expected that the central bankdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
穆迪：日本央行本周料将按兵不动Next article：
某鲸鱼3小时前从Venus借入6.2万枚BNB并存入币安
