The Bank of Japan raised rates to 1.00% but the Yen remained weak, while the RBA paused rate hikes at 4.35% amid signs of slowing economic growth.
Key Takeaways
- 1.The Bank of Japan hiked rates by 0.25% to 1.00% and announced a pause to its QE taper program from FY2027.
- 2.The Reserve Bank of Australia kept rates on hold at 4.35% as previous hikes begin to slow growth in consumer spending.
Table of Contents
- JPY remains weak after BoJ sticks to path for gradual hikes
- AUD: RBA is happy to leave rates on hold to assess impact of prior rate hikes
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Lee Hardman
Securities
USDJPY
Themes
Central Bank Policy DivergenceInflationary Pressures
Regions
Asia PacificJapanAustraliaUnited States