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Inflation Forecasts

All articles tagged with #inflation forecasts

finance2 years ago•1 min saved

"Bank of Japan Maintains Expected Policy Stability Despite Inflation Forecast Trim"

The Bank of Japan has announced no changes to its monetary policy, keeping its short-term interest rate target at -0.1% and the 10-year bond yield around 0%, with flexibility up to 1%. While core inflation forecasts remain unchanged for fiscal 2023 to 2025, core CPI forecasts have been trimmed. The BOJ's quarterly report indicates balanced risks to economic activity and emphasizes the need to monitor the relationship between wages and prices. The bank pledges to continue with monetary easing and stands ready to take additional steps if necessary, while expressing optimism about Japan's economic recovery and the gradual heightening of inflation expectations.

via ForexLive|

#boj #economic-recovery #finance

finance2 years ago•3 min saved

ECB Maintains Rates Amid Inflation Concerns, Market Speculation Grows

The European Central Bank (ECB) has decided to keep interest rates steady while downgrading its inflation forecasts. The ECB expects inflation to decline gradually over the next year before reaching its 2% target in 2025. The Central Bank also signaled an early conclusion to its bond purchase scheme as part of efforts to combat high inflation. The ECB expressed caution about economic growth in the near term but expects a recovery due to rising real incomes. The EUR/USD initially rose but struggled to hold onto gains.

via DailyFX|

#ecb #economic-growth #eurusd

economy2 years ago•2 min saved

BOJ Adjusts Yield Control Policy, Expands Flexibility

The Bank of Japan (BOJ) has made adjustments to its bond yield control policy, signaling a gradual move towards ending its massive stimulus program. While maintaining its short-term interest rate target of -0.1% and the 10-year government bond yield target of around 0%, the BOJ redefined 1.0% as a loose "upper bound" rather than a rigid cap and removed a pledge to defend the level with unlimited bond purchases. The decision reflects the challenges faced by the BOJ in maintaining its bond yield control amid rising global bond yields and persistent inflation. The BOJ also revised up its inflation forecasts, indicating a growing conviction that conditions for phasing out ultra-loose monetary policy are falling into place.

via Reuters|

#bank-of-japan #bond-yield-control #economy