1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

BoJ surprises markets, cuts interest rate to -0.1%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Bali) - The Bank of Japan, in a surprising move, has adopted negative rates of -0.1% vs 0.1% last.

    Headlines

    BOJ eases monetary policy further

    Adopts negative interest rate policy, to charge interest for excess reserves financial institutions park with BOJ

    Adopts negative 0.1 pct interest for excess reserves financial institutions park with BOJ

    BOJ decision on negative rates was made by 5-4 vote

    Maintains pledge to increase monetary base, its main policy target, at annual pace of 80 trln yen

    Decision on monetary base was made by 8-1 vote
    BOJ's median core cpi forecast for fiscal 2016/17 at +0.8 pct vs +1.4 pct projected in oct

    BOJ's median core cpi forecast for fiscal 2017/18 at +1.8 pct vs +1.8 pct projected in oct

    BOJ's median core cpi forecast for fiscal 2015/16 at +0.1 pct vs +0.1 pct projected in oct

    BOJ expects to meet 2 pct inflation goal around first half of fiscal 2017
    For more information, read our latest forex news.
     

Share This Page