Author: finadmin

BoJ’s Tamura: Japan’s neutral rate is about 2%

BoJ’s Tamura: Japan’s neutral rate is about 2%

Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that Japan’s neutral rate is about 2% and it is important to push the policy rate closer to the neutral level to avoid being forced into sharp rate hikes later. Key quotes Japan’s neutral rate is about 2%.  I envision rate hikes every few […]

Hawkish RBA tone versus tech risk – ING

Hawkish RBA tone versus tech risk – ING

ING’s Francesco Pesole says AUD/USD remains under pressure from the tech-led equity sell-off, given the Australian Dollar’s high correlation with semiconductor stocks. Domestically, hotter core inflation should keep Reserve Bank of Australia communication hawkish, even without further hikes. Pesole stays optimistic on a move well above 0.70 in H2, though he flags near-term downside toward […]

Indian Rupee declines amid hawkish Fed bets, RBI pushes back rate hike fears

Indian Rupee declines amid hawkish Fed bets, RBI pushes back rate hike fears

The Indian Rupee (INR) trades lower against the US Dollar (USD) on Wednesday, with the USD/INR pair rising to near 94.85. The pair gains as the US Dollar posts a fresh annual high amid firm expectations that the Federal Reserve (Fed) will deliver at least two interest rate hikes this year. At press time, the […]