Former BOJ Official Rules Out Additional Rate Hikes This Year, Suggests Next Move in March 2023
Former Bank of Japan official Makoto Sakurai has stated that there will be no additional interest rate hikes this year, which could be good news for risk assets. Instead, the next rate hike may occur in March 2023. Sakurai's comments suggest that the central bank is prioritizing market stability in the short term. He also added that it is uncertain whether there will be a rate hike by next March.
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