Wednesday, 16 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
BOJ keeps policy steady, signals chance of easing in October
Thursday, 19 September 2019 10:47 WIB | FISCAL & MONETARY |Bank of JapanBOJMonetary

The Bank of Japan kept monetary policy steady on Thursday but said it would re-examine economic and price developments more thoroughly at its next policy meeting, signalling the chance of expanding stimulus as early as October.

As expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields under a policy dubbed yield curve control (YCC).

Announcing its decision, the central bank said in a statement that it was becoming necessary to pay œcloser attention to the chance that the economy will lose sufficient momentum to achieve the BOJ™s 2% inflation target.

œTaking this situation into account, the BOJ will re-examine economic and price developments at its next policy meeting when it reviews its long-term growth and price forecasts, it said.

The BOJ's announcement came hours after the U.S. Federal Reserve cut interest rates to sustain a record-long economic expansion and insure against risks such as weak global growth and resurgent trade tensions.

The decision to maintain its interest rate targets was made by a 7-2 vote, with board members Goushi Kataoka and Yutaka Harada dissenting.

BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (06:30 GMT) to explain the bank's policy decision.

Source : Reuters

RELATED NEWS
The RBA minutes: Board prepared to ease policy further if needed to support growth, jobs...
Tuesday, 15 October 2019 08:06 WIB

The Reserve Bank of Australia came with the Minutes for the RBA Board's 1 October meeting. Members commenced their discussion of global economic conditions by noting that heightened policy uncertaint...

ECB Meeting Account Shows Officials Far Apart on Stimulus...
Thursday, 10 October 2019 19:52 WIB

European Central Bank officials were far apart on the elements of the monetary stimulus package that led to public acrimony after last month™s decision. The account of the Sept. 11-12 meeting ...

FOMC minutes: Most fed policymakers believed 25 basis point cut needed...
Thursday, 10 October 2019 01:22 WIB

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic ...

Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective...
Wednesday, 9 October 2019 22:25 WIB

While speaking to a group of local business and community leaders at the Federal Reserve System™s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, r...

Breaking: Fed's Powell says there is no reason why expansion can't continue...
Wednesday, 9 October 2019 03:19 WIB

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) C...

LATEST NEWS
Stock futures point slightly lower as worries remain over U.S.-China deal

Stock-index futures indicated a slightly lower start for Wall Street Wednesday, with analysts citing worries that tensions between the U.S. and China over Hong Kong protests could complicate efforts to complete a trade deal. Futures on the Dow...

Hong Kong Democracy Protesters Call For US Congress Proposed Sanctions

Hong Kong pro-democracy advocates are urging the U.S. Congress to pass a human rights bill that could impose trade sanctions on this international financial center, a measure that critics say could cause more harm than good. At a massive...

U.K. Inflation Holds Below BOE Target as Fuel Costs Fall

Motoring costs fell last month and the price of computer games jumped, leaving U.K. inflation comfortably below the Bank of England™s 2% target. Consumer-price growth held at a near three-year low of 1.7% in September, the Office for...

POPULAR NEWS
Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold Posts Lowest Close So Far This Month as Investors Weigh Trade Deal, Earnings Season
Wednesday, 16 October 2019 03:44 WIB

Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...

Gold edges higher as Brexit uncertainty spurs safe-haven bid
Wednesday, 16 October 2019 08:48 WIB

Gold prices edged higher on Wednesday after shedding nearly 1% in the previous session, as it remained unclear if Britain could avoid postponing its...