Bank of Japan June meeting minutes: 7-1 vote to raise rate to 1.0% amid inflation risk
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bearish | 1.1500 |
UBS | Bullish | 1.1800 |
UOB | Bullish | 1.1800 |
From the original
The 7-1 vote margin, with only Asada dissenting on growth concerns, signals a board firmly focused on upside inflation risk despite acknowledging the drag from higher energy costs on activity, a stance likely to reinforce expectations for further tightening. The decision to halt
Related speeches
4 itemsBank of Japan raises rates to 1%, and will end tapering next year
The Bank of Japan's recent decision to raise its benchmark rate by 25 basis points to 1%, while committing to halt tapering by April 2027, underscores a significant shift in its monetary policy amidst rising inflation concerns. Per the full note from ING, the 7-1 vote reflects a consensus within the central bank about inflationary pressures, despite dissent regarding downside risks to the economy. The immediate market reaction was mild, but a sustained hawkish tone from Deputy Governor Uchida indicates further tightening could be anticipated, contingent on global geopolitical developments, particularly regarding the Middle East.
Bank of Japan (BOJ) raises policy rate by 25bp, as expected
More like this
5 itemsFed's Collins pencils in second hike this year, then expects rates on hold in 2027
Economic and event calendar in Asia Tuesday, September 22, 2026 - RBA Governor Bullock speaking
St. Louis Fed’s Musalem: Interest rates likely need to rise further to tame inflation
BOC’s Macklem: It could take some time for higher fuel margins to normalise