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Wednesday, May 29, 2024

JPY – BoJ Interest Rate Decision (March)

Date

Mar 19 2024
Expired!

Time

5:00 am - 5:00 am
Home Events - Quantum Strikes Interest Rate JPY – BoJ Interest Rate Decision (March)

During its Monetary Policy Meetings, the Bank of Japan’s Policy Board determines the interest rates that will be implemented. The discount rate is the official interest rate of the Bank of Japan. MPCs establish a recommendation for money market operations during inter-meeting times, and this guideline is written in terms of a goal for the uncollateralized overnight call rate.

A higher than expected figure should be seen as positive (bullish) for the JPY while a lower than expected figure should be seen as negative (bearish) for the JPY.

Source: Bank of Japan

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