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EBC Daily Snapshot Mar 19, 2024

EBC Forex Snapshot 19 Mar 2024 The yen fell sharply on Tuesday after the BOJ ended its negative interest rate policy in a highly anticipated decision, while the Australian dollar also slid after domestic rates were kept steady. Governor Michele Bullock said more rate hikes cannot be ruled out but the risks to the outlook are “finely balanced.” Her comments implied the central bank did not consider a rate cut at the meeting. GDP expanded just 0.2% in the last quarter. Excluding population growth, economic activity per person contracted 1% from a year earlier, the worst result outside the Covid pandemic period since the 1990s. EBC Group Social Responsibility Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Group Social Responsibility or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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Publication date:

2024-03-21 12:05:57 (GMT)

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