More headlines flowing in from the BOJ Chief Kuroda, as he notes the effects of the negative interest rates policy adopted by the central bank six weeks ago.
Key Quotes:
Policy effects of QQE with negative rates have been seen on interest rates
Expect effects of QQE with negative rates to spread to real economy and prices
Lending, mortgage rates have clearly fallen after introduction of negative rates
Negative rates will be positive to households on the whole
Employment, household incomes steadily improving under QQE
Negative rates strengthening impact of qqe, expected to broadly benefit economy
Uncertainty over Chinese economy has eased
Financial markets have stabilized somewhat
G20’s clear statement on policy commitment has helped stabilise financial markets
Need some time to watch impact of negative rate policy
(Market News Provided by FXstreet)
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