Sources: Wrong for markets to start factoring in an early BOJ rate hike - RTRS

Dhwani Mehta FXStreet

Reuters quotes sources familiar with the BOJ's thinking, noting that is expected to keep monetary policy steady on Thursday and stress that inflation is nowhere near levels that justify talk of withdrawing massive stimulus.

"The trickle-down effect isn't there yet, which would be key for inflation to accelerate sustainably," said a source.

Another source noted, “It would be wrong for markets to start factoring in an early BOJ rate hike."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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