Bank of Japan's Kazuo Ueda: Tariff risks will not end interest rate hikes, but the pace needs to be reassessed.
The Bank of Japan announced during the monetary policy meeting that concluded on May 1st to maintain the benchmark interest rate unchanged while lowering the economic growth forecast for the fiscal years 2025 and 2026.
Japan Industrial Output Slows in March, As Bank of Japan Meets
What the Latest Inflation Data Means for ASX 200 Investors and RBA Interest Rate Cuts
RBA Unlikely to Ease Monetary Policy as Aggressively as Markets Projecting -- Market Talk
The rebound in electricity prices has pushed up the quarterly CPI in Australia, but core inflation has fallen to a three-year low, with the market betting on another rate cut in May.
According to data released by the Australian Bureau of Statistics on Wednesday, the CPI rose by 0.9% in the first quarter, higher than the market forecast of 0.8%. However, the annual inflation rate remained at 2.4%, indicating moderate overall price pressure. The quarterly increase in the 'trimmed mean core inflation,' which is of greater concern to policymakers, was 0.7%, slightly above the expected 0.6%, but the annual rate slowed from 3.3% in the previous quarter to 2.9%, marking the first return to the Reserve Bank of Australia's target range of 2%-3% since the end of 2021. Despite the data being slightly higher than expected, the Australian Dollar rose 0.3% against the US Dollar in the short term, while earlier gains in three-year government bond Futures were reversed.
Prologis: With the appreciation of the yen and the unclear economic outlook, it is expected that the Bank of Japan will maintain its interest rates.
Prudential expects the Bank of Japan to keep interest rates unchanged at this week's meeting.
Remoortel : Currently it's not available on moomoo
Supersonic557 OP Remoortel : no wander thaks