Will the Fed Chair changes his views during the speech today?
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%.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.