BoJ Deputy Governor Himino says takes some time for policy to have an impact on the economy
US Secretary of State Rubio congratulates Colombia's presidential candidate De la Espriella who leads against leftist rival Cepeda following the Colombian election
Japan's PM Takaichi says expect BoJ to closely coordinate with the government and conduct a monetary policy appropriately to achieve the 2% price goal
BoJ Deputy Governor Himino says takes some time for policy to have an impact on the economy
Two South Korean vessels were said to have passed through the Strait of Hormuz after US and Iran signed a ceasefire MoU
PBoC is expected to set USD/CNY mid-point at 6.7733 (prev. 6.8130)
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Says:
- Pass-through from oil prices to downstream goods has progressed somewhat rapidly.
- Recent easing of Middle East tensions doesn't deviate much from their April outlook.
- Accommodative conditions are expected to continue.
- Risks of price overshoot could materialise if there is a delay in the necessary adjustment in the degree of monetary easing.
- Will closely monitor impacts that raising policy interest rates may have on businesses and households.
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