Your Daily Brief For September 23rd

Your Daily Brief For September 23rd

3 months ago1 min

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Your Brief Summary

In today’s Daily Brief, we'll look at why Japan changed absolutely zilch about its monetary policy, despite inflation coming in above target for the seventeenth month in a row.

"The BoJ’s not willing to take any risks after finally getting what it wanted, so the central bank kept its short-term target interest rate in the negative and its longer-term ones near zero."

Key takeaways:

  • The Bank of Japan kept its monetary policy unchanged, despite inflation staying above target
  • Euro area private sector activity fell in September, pointing towards an economic contraction for the ongoing quarter


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