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Week Ahead – BoJ, Fed and BoE meetings: a hike, a hold and a cut?
The Bank of Japan has barely left the headlines lately. Whether it’s speculation about rate hikes, the constant hints about bond tapering or suspicions of intervention in foreign exchange markets, Governor Ueda has certainly been making his mark since taking over. Next week’s gathering on July 30-31 looks set to give the bank more prime airtime as policymakers have already flagged that a decision will be made at this meeting on how much to reduce bond purchases by. Reuters has reported that the current monthly purchases of six trillion yen could be halved in the coming years based on what sources have said. ... (full story)