Central Banks


Further comments by BOJ governor Kuroda

  • That is if momentum towards 2% inflation target weakens
  • Will continue with powerful monetary easing persistently
  • Mentioning timeframe could lead to misunderstanding related to policy
  • Inflation likely to hit 2% around fiscal year 2019
  • Outlook entails some certain uncertainties in general
  • Didn’t erase timeframe due to worries about having to delay it again
  • Mid to long-term inflation expectations not changing
  • Close attention must be paid to those expectations

Ah, there we go. The same old rhetoric.

He’s continuing to argue about why they removed the reference on the 2% inflation target for around fiscal year 2019 in the statement. I think that should be enough to do it, the market gets the message. He should really refrain from over-commenting in my view – otherwise he risks the occasional slip of tongue that we have seen in the past.



Source link

Articles You May Like

USD/JPY slips below 110.00 as haven assets stay bid
USDCHF makes a break lower. EURCHF fall below 100 day MA helps the sellers
Atlanta Fed GDPNow dips a touch to 4% from 4.1% last
FX option expiries for the 1400GMT cut on Tuesday 22 May 2018
Italy can say ‘No’ to Paris, Berlin, Brussels

Leave a Reply

Your email address will not be published. Required fields are marked *