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U.K. Inflation Weighs on British Pound
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Key statistics: • The seasonally adjusted balance on goods increased $3,777m in November. • Goods credits (exports) rose $789m (1.7%) driven by Coal, coke and briquettes. • Goods ...
Federal Reserve Bank of New York President John Williams said monetary policy is now tight enough to guide inflation back to the Fed’s target, but suggested policymakers need more ...
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The Bank of Japan should gradually raise short-term interest rates and make its bond yield control policy more flexible, if inflation stays around its 2% target and is accompanied by sustained wage growth, the OECD said on Thursday. While the BOJ made tweaks to yield curve control (YCC) last year to loosen its tight grip on long-term interest rates, markets could challenge the policy again if inflation remains above its 2% target and global yields go up, it said. The central bank should thus continue efforts to make YCC more flexible, such as by raising the 10-year bond yield target or moving to a short-term yield target, the Organisation for Economic Cooperation and Development (OECD) said. The BOJ should also gradually raise short-term rates from early 2024 if inflation stays around its 2% target, wage growth accelerates and the output gap closes, the OECD said in its 2024 report on Japan. "Japan is at a turning point, with inflation more likely to settle durably around the 2% inflation target than at any time since its inception," the report said on the prospects for achieving the BOJ's price target that was introduced in 2013. post: OECD SECRETARY-GENERAL CORMANN: OPTIMISTIC THAT INFLATION WILL SETTLE AROUND BOJ'S TARGET
The Euro-area economy faces subdued prospects even if the worst of the downturn may be over, while rate cut expectations lead to looser financial conditions, European Central Bank ...
Whatever way the US CPI report due on Thursday swings, we will come out the other side with one remaining reality – the US is still a 3% to 4% inflation economy. That’s great ...
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- Posted: Jan 10, 2024 7:42pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,587
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