BOJ maintains easing policy, reviews outlook.
TL;DR Summary
The Bank of Japan (BOJ) has maintained its short-term interest rate target at -0.1% and its 10-year JGB yield target around 0%, while also keeping the band around its 10-year JGB yield target at up and down 0.5% each. The BOJ has also tweaked its forward guidance, removing references to the COVID-19 pandemic and pledging to take additional easing steps without hesitation as needed while striving for market stability. The BOJ will spend 12 to 18 months conducting a review of its monetary policy guidance.
- BOJ maintains YCC band unchanged, tweaks forward guidance ForexLive
- Bank of Japan sticks to negative rates while announcing policy review CNBC
- Keio University's Shirai on BOJ Policy Outlook Bloomberg Television
- BOJ Maintains Easing, Will Review Monetary Policy MarketWatch
- USD/JPY trades to seven-week highs on Ueda press conference ForexLive
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
1 min
vs 2 min read
Condensed
73%
315 → 85 words
Want the full story? Read the original article
Read on ForexLive