The Bank of Japan will not change the inflation target, European Central Bank President believes that economic recovery in the region is uncertain

The Bank of Japan will not change the inflation target
The Governor of the Bank of Japan Haruhiko Kuroda stated at the G30 online international banking seminar that the central bank does not need to change the central bank’s inflation target or forward-looking guidance, even if the United States and Europe are re-evaluating policy frameworks and seeking better ways to stimulate economic growth . At present, the Bank of Japan has a framework that is “very similar” to the Fed’s average inflation target. It promises to increase the monetary base until the inflation rate stabilizes above its 2% target. The remarks are reflected in the fact that the Bank of Japan will not temporarily Anxious to change the policy framework to boost sluggish inflation and economic prospects.

European Central Bank President believes that economic recovery in the region is uncertain
In an interview with French media, European Central Bank President Lagarde said that there are still uneven and uncertain economic recovery in the region, and there is a risk of losing momentum. Therefore, the central bank will pay close attention to the autumn indicators and will release a recovery fund worth 750 billion euros to EU member states hit by the epidemic starting early next year as scheduled. In addition, it also pointed out that the EU will be urged to consider the recovery fund as a permanent policy tool. The remarks helped boost the bond price performance of other southern European countries, and relatively reduced bond yields.

—————————————————————

Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/