Minutes from BoJ's December 18th-19th meeting noted that members said it is appropriate to keep raising rates if the outlook is met, while a member said waiting another meeting in raising rates would be risky given impacts of FX on inflation
Importance
Level 1
- Most members said BoJ should not have a preset idea on rate hike pace and must scrutinise the economy, prices and markets in making decisions at each meeting.
- A few members said adjusting degree of monetary support will help stabilise markets and have merits to the economy.
- A member warned that divergence of real rates from equilibrium may impair long-term economic growth.
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