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Ekonomické zprávy
14.01.2022

European session review: JPY advances on reports that BoJ is discussing higher rates

TimeCountryEventPeriodPrevious valueForecastActual
07:00United KingdomManufacturing Production (MoM) November0.1%0.2%1.1%
07:00United KingdomIndustrial Production (YoY)November0.2%0.5%0.1%
07:00United KingdomManufacturing Production (YoY)November1.1%-0.3%0.4%
07:00United KingdomIndustrial Production (MoM)November-0.5%0.2%1%
07:00United KingdomGDP, y/yNovember5.1%7.5%8.0%
07:00United KingdomGDP m/mNovember0.2%0.4%0.9%
07:00United KingdomTotal Trade BalanceNovember0.151 0.626
07:45FranceCPI, y/yDecember2.8%2.8%2.8%
07:45FranceCPI, m/mDecember0.4%0.2%0.2%
10:00EurozoneTrade balance unadjustedNovember3.3 -1.5

JPY strengthened against other major currencies in the European session on Friday after media reported that the Bank of Japan (BoJ) policymakers may guide for an interest rate increase before the bank’s 2% inflation target is reached. 

According to Reuters, sources familiar with the BoJ's views said that the Bank’s policymakers are discussing how soon they can signal interest rate increases. Such a move could happen even before annual inflation hits the BoJ’s 2% target, sources added.

The fact of discussions, however, doesn’t mean that a rate hike is imminent though, the agency noted. According to the sources, the BoJ's nine-member board is divided between those who see the opportunities for a reduction of monetary stimulus and those cautious of taking any action that could be seen as policy tightening.

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