BoJ Holds Rates at 0.5% as Middle East Tensions Threaten Oil Supplies
Key Points
- The Bank of Japan keeps rates at 0.5% amid rising inflation,...
When the Bank of Japan keeps rates steady at 0.5% and nobody blinks, you know we're living in interesting times. That's exactly what happened today, with Governor Ueda delivering the monetary equivalent of vanilla ice cream - predictably bland, but apparently what everyone ordered.
The BoJ's decision to maintain their cautious approach while tweaking their bond-buying tapering plan was about as surprising as finding out water is wet. But here's where it gets spicy: Ueda's emphasis on avoiding "excessive market volatility" sounds suspiciously like someone trying to drive carefully while the ca...
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