Macquarie: Timing of BOJ Rate Hike Unclear, Risks Weighted Toward Premature Action

Gate News Report, March 20 — Macquarie analysts stated that due to uncertainties related to the Middle East conflict and energy prices, the timing of the Bank of Japan’s next move is more uncertain than ever. This week, the Bank of Japan chose to keep interest rates unchanged while leaving the door open for further tightening in the coming months. BOJ Governor Haruhiko Kuroda pointed out that rising crude oil prices could worsen trade conditions, weigh on the economy, and push up inflation expectations. The Macquarie team expects that during this period of uncertainty, the BOJ will remain patient, with the next rate hike possibly occurring in July. However, risks lean toward earlier action, especially if the yen continues to depreciate.

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