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BoJ: Takes the market off-guard - TDS

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, suggests that the BoJ surprised the market by taking the interest rate on excess reserves into negative territory.

    Key Quotes

    “Not one analyst in Bloomberg’s poll had forecast such a move and BoJ’s Kuroda ruled out such a move recently, so the decision of 5-4 in favour of negative rates must have been hotly debated. That said ’The BoJ will cut the interest rate further into negative territory if judged as necessary”.

    Otherwise the Bank kept monetary expansion at ¥80 trillion, but the Bank did push out its forecast for achieving its 2% inflation target by six months, with its core inflation forecast fore the next year beginning April cut to 0.8% from 1.4% projected 3 months ago.”
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