Japanese PM Takaichi's advisor Honda suggests the BoJ may consider raising interest rates later this year, but noted the unlikelihood of a hike in March
This commentary from PM Takaichi's advisor hints at a potential shift in the Bank of Japan's monetary policy, suggesting that rate hikes may be on the table later this year.
PBoC injects CNY 145bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.9398 vs exp. 6.9045 (Prev. 6.9457)
Japanese PM Takaichi's advisor Honda suggests the BoJ may consider raising interest rates later this year, but noted the unlikelihood of a hike in March
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However, the indication that a March increase is unlikely suggests a continued accommodative stance in the near term, which could keep JPY under pressure and influence the outlook for fixed income and commodities, particularly gold.
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