BoJ hikes rate to 1.25% as expected, with 7-2 split
The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
Thursday's Asia calendar is quiet; NZ GDP is the key data point. The failed clarity bill and Fed hike were both widely expected.
Ever come across those individuals who pride themselves on their contrarian "hot takes" — delivered, naturally, only after the dust has settled?
Well, here is mine: this week has been rather uneventful, with no surprises to speak of.
New Zealand's GDP figures take centre stage today, and I will be back shortly with a detailed look at what to expect.
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The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
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