BOJ’s turn to ease monetary policy

The Bank Of Japan have followed the recent central banks’ trend of expanding monetary policy. BOJ's turn to ease monetary policyThe move is being perceived as bolder than expected and continues the tone of central banks stretching further to try to insulate against softening growth and potential shocks.

The move will also allow the Yen to weaken or at least remain steady with a major concern being further appreciation in the Yen.

Risk sentiment should be also helped by the BOJ action and further reinforcing the move into risk following the FOMC action last week.

The Bank Of England minutes from the last meeting have been announced this morning and the vote was 9-0 to keep rates on hold.

Most members apart from one member felt no need to expand the QE programme in September, however some felt that QE could be needed in the future and November remains a favourite touted date for the next round.

The minutes did not provide any huge surprises and the Pound is relatively unmoved followed the news.

Leave a Reply