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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY248 Bln via OMO Tuesday
MNI Eurozone Inflation Insight – November 2024
POV: BoJ Look Set To Trim Inflation Outlook -...>
BOJ: POV: BoJ Look Set To Trim Inflation Outlook
- The BoJ is expected to leave its MonPol parameters unch when it issues its
latest MonPol decision on Weds. Focus is set to fall on the Bank's quarterly
outlook report, and the CPI projections within. Consensus looks for the Bank to
mark down its '19 & '20 CPI expectations, currently at 1.4% & 1.5% respectively.
MNI understands that the BoJ is increasingly concerned that momentum toward
achieving its 2% price target is slowing after data released Friday showed core
CPI slowing faster than expected.
- Central View: Downgrade to both the '19 & '20 CPI estimates. BoJ offcls
maintain the overall view that momentum toward achieving the 2% price target is
maintained, as tight labor market conditions & the positive output gap continue.
- Hawkish Risk: BoJ more upbeat than consensus re: the inflation outlook, with a
focus on the longer term momentum & effects of unprecedented monetary stimulus.
- Dovish Risk: BoJ more downbeat on inflation owing to recent moderation in core
measures, potential for more focus on the spill over effects of the trade war
and/or the scheduled sales tax hike for later this year.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.