BOJ & RBA Central Bank Commentary — Rates Staying Restrictive
BOJ's Ueda signaled no change to bond tapering while citing a positive wage-price cycle. RBA's Kent flagged rising neutral rates and a hard CPI/unemployment trade-off, with the AUD slightly above equilibrium.
What we know
BOJ Governor Ueda said Japan is seeing a 'positive cycle of rising wages and recovering prices' and anchoring inflation around 2% is increasingly important. No change to core bond tapering strategy was confirmed. On the RBA side, Assistant Governor Kent said neutral rates are rising domestically and globally, while flagging weak household demand offset by strong business credit. The dollar weakened 0.19% against the yen to 157.72.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.