Bank of Japan board member Naoki Tamura laid out his clearest roadmap yet for further policy normalization on Thursday, saying the central bank’s baseline should be to raise interest rates by 25 basis points every few months until the policy rate reaches around 2%, which he views as a neutral level. Tamura said, “what I […]
The post BoJ’s Tamura Lays Out Tightening Roadmap to 2% appeared first on ActionForex.
The battle in Silver has entered a far more important stage. Breaking below $60 is psychologically significant, but the market’s attention is already shifting to another level roughly ten dollars lower. Around $50 sits one Read more…
Australia’s labor market rebounded in May, with employment rising by 40.3k, above expectations of a 30.5k increase, while the unemployment rate edged down from 4.5% to 4.4% as expected. The participation rate also ticked higher Read more…
Recent developments mean that the RBNZ’s outlook for the OCR has likely moved back towards that forecast in the February MPS. We are similarly updating our forecasts to reflect the unexpectedly quick resolution of the Read more…