Preview: Bank of Japan Governor to Outline Future Interest Rate Path at 2:30 PM Today
BlockBeats News, on December 19, Bank of Japan Governor Kazuo Ueda will hold a press conference at around 3:30 p.m. local time (2:30 p.m. GMT+8) to further elaborate on the considerations behind this decision and the future interest rate path. The market generally expects that the Bank of Japan will continue to raise interest rates in a gradual, predictable, and data-dependent manner, rather than through aggressive tightening.
In addition, after the announcement of this rate hike decision, the yen briefly surged against the US dollar but then retreated, falling below the 156 mark during trading and down 0.3% on the day. The market reaction indicates that this rate hike has already been fully priced in by investors, which also confirms the central bank's judgment—that the current rate adjustment is not enough to change the accommodative stance and is more like a step towards "gradual normalization."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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