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BOJ's Ueda: Will keep raising policy rate, adjusting easing based on economy, prices
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Bank of Japan Governor Kazuo Ueda stated that the central bank will continue to raise its policy interest rate and adjust the degree of monetary easing. This policy path will be determined based on developments in economic activity, prices, and financial conditions. The statement reaffirms the BOJ's gradual normalization trajectory from its previous ultra-loose monetary policy, with future moves contingent on economic and inflation data.
Source report
Tokyo — Bank of Japan (BOJ) Governor Kazuo Ueda stated that the central bank will continue to raise the policy rate and adjust the degree of monetary easing, depending on developments in economic activity, prices, and financial conditions.
Key Points
- Ueda emphasized that future policy adjustments will be data-dependent.
- The BOJ will monitor economic activity, price trends, and financial conditions to determine the pace and extent of further rate increases.
- The remarks reaffirm the central bank's commitment to normalizing monetary policy as conditions evolve.
Source
rtrsNeutral / independent
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