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Australia's central bank keeps rates at 3.85%, stuns markets
Australia's central bank keeps rates at 3.85%, stuns markets

Reuters

time08-07-2025

  • Business
  • Reuters

Australia's central bank keeps rates at 3.85%, stuns markets

SYDNEY, July 8 (Reuters) - Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing. Wrapping up a two-day policy meeting, the Reserve Bank of Australia said six members had voted to hold rates steady while three voted against, a rare split decision for the board. Markets had been almost fully priced for an easing to 3.60% this week given core inflation had slowed to the mid-point of the RBA's 2% to 3% target range and consumer spending was proving weaker than expected. Uncertainty caused by U.S. tariffs also argued for a cut as insurance against a global slowdown.

BOJ Should Stand Ready to Hike Rates, Board Member Takata Says
BOJ Should Stand Ready to Hike Rates, Board Member Takata Says

Wall Street Journal

time03-07-2025

  • Business
  • Wall Street Journal

BOJ Should Stand Ready to Hike Rates, Board Member Takata Says

The Bank of Japan should be ready to resume policy tightening if U.S. trade talks progress, policy board member Hajime Takata said, confirming that the bank is still looking to raise interest rates. 'I believe that the bank is currently only pausing its policy interest-rate hike cycle and should continue to make a gear shift after a certain period of 'wait-and-see,'' Takata said in a speech to business leaders in Mie prefecture, central Japan.

BOJ Dove Noguchi Sees No Need to Change JGB Tapering Plan
BOJ Dove Noguchi Sees No Need to Change JGB Tapering Plan

Bloomberg

time22-05-2025

  • Business
  • Bloomberg

BOJ Dove Noguchi Sees No Need to Change JGB Tapering Plan

A noted dove on the Bank of Japan's policy board said there's no need to make major changes to the bank's plan for tapering bond purchases, a remark that comes a month before authorities unveil guidelines for bond buying in the period beyond April 2026. 'It is unnecessary at this point to make any major changes to the current plan,' BOJ board member Asahi Noguchi said Thursday in a speech in Miyazaki, southwestern Japan. 'The bank will need to examine the reduction plan for April 2026 onward from a longer-term perspective.'

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