Forex
globalreutersDecember 5, 20241 Mins read
BOJ’s Nakamura: I am not against rate hikes but decision should be data dependent
globalreutersDecember 5, 20241 Mins read - There’s still plenty of data before December meeting, including Tankan report
- Need to scrutinise those data in deciding whether rate hike would be appropriate
Nakamura is one of the more dovish members, so you’d expect a more cautious tone at least. As things stand, traders are pricing in ~38% odds of a 25 bps rate hike by the BOJ for the 19 December meeting.
This article was written by Justin Low at www.forexlive.com.
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