Another comment emphasised that even with the hike, real interest rates would remain well below the neutral rate, indicating a view that policy continuity was intact overall. — Bloomberg
TOKYO: A summary of opinions from the Bank of Japan’s (BoJ) July 31 board meeting has showed that authorities believe monetary policy will remain accommodative even as it conducted a small interest rate hike.
“It should be noted that raising the rate at a moderate pace means an adjustment in the degree of monetary accommodation in accordance with underlying inflation, which will not have monetary tightening effects,” one of nine board members said, according to the summary released yesterday.
