Institution: The Bank of Japan remains committed to raising interest rates in a slow, cautious, and data-dependent manner.
PANews, December 19 — According to Golden Ten Data, Investinglive analyst Eamonn Sheridan stated that the Bank of Japan's decision to raise interest rates by 25 basis points was unanimously approved, highlighting a broad consensus among policymakers that there is reason to take another step toward monetary policy normalization under current conditions. The Bank of Japan hinted at a conditionally open attitude toward further tightening. Overall, the Bank of Japan conveyed a clear message: monetary policy normalization is underway, but the central bank remains committed to proceeding in a slow, cautious, and data-dependent manner, without presetting the path for future rate hikes.
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The onshore yuan closed at 7.0410 against the US dollar at 16:30 on December 19.
