Bank of Japan: Holds the line on JPY weakness, for now…
The BoJ kept their policy unchanged at their latest meeting, but pressure is growing for them to address JPY weakness.
The BoJ kept their policy unchanged at their latest meeting, but pressure is growing for them to address JPY weakness.
The BoE takes another dovish hike, but inflation threatens to rise above 10%
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The RBA surprises markets and hikes by 50 bps lifting the AUDNZD
The picture with the GBP is mixed with positioning, sentiment and the BoE making the immediate path tricky. The Bank of England was one of the first major banks to increase interest rates in order to deal with surging inflation
See my latest comments to the Daily Express here on the GBP and the potential for the BoE to cut rates in 2023.
The RBNZ squares up to the inflation battle and may have set a precedent for other central banks to follow