Every week we expect many interesting events that can shake the market.
BOJ tells low rates hurt banks, although woes can hardly ease post-stimulus
Prolonged ultra-easy monetary policy is actually putting heavy pressure on Japanese bank revenues, although banks shouldn’t expect business conditions to brighten drastically even after the key bank has interest rates lifted, as a senior Bank of Japan official revealed.
A great number of regional financial institutions could suffer losses in the long run due to the fact intensifying competition simply forces them to reduce lending rates for the purpose of attracting borrowers in a shrinking domestic market, as BOJ Executive Director Atsushi Miyanoya told.
Even when monetary policy is normalized, financial institutions shouldn't expect revenues to get back to levels before ultra-easy policy was started.
After three years of heavy asset purchasing didn’t manage to fire up inflation, in 2016 the BOJ adopted negative interest rates along with a promise to guide 10-year bond yields around 0%.
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.