The Bank of Japan minutes are from the July 2024 meeting, where short term rates were raised again in a bit of a surprise decision, or would have been if it wasn’t leaked all over the place the day before!
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And, the statement:
BOJ raises policy rate to 0.25% in July monetary policy meeting
A week after the statement we got the ‘Summary’, which can be useful as a preview of the full minutes:
BOJ Summary – one monetary policy board member suggested the neutral rate is at least 1%
At 0130 GMT (2130 US Eastern time) we’ll get the latest Reserve Bank of Australia Financial Stability Review. The RBA describes the review thus:
The Financial Stability Review provides the Bank’s assessment of the current condition of the financial system and potential risks to financial stability. It contains a number of boxes on topics of special interest, along with occasional articles. The Review is issued half-yearly.
We’ll get some discussion on how prolonged high rates are impacting. Some firms and households are doing it tougher than others.
This article was written by Eamonn Sheridan at www.forexlive.com.
