SYDNEY, Sept 18 — Asian shares started cautiously today in a week packed with central bank meetings that include the Federal Reserve and the Bank of Japan, which will be closely scrutinised for the global interest rate outlook.MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1 per cent after gaining 1.2 per cent last week. Japan’s Nikkei is closed for a holiday.
This week, global central banks will take centre stage, with five of those overseeing the 10 most heavily traded currencies — including the US Federal Reserve — holding rate-setting meetings, plus a swathe of emerging market ones as well. “We should see the median projection for the 2023 fed funds rate remaining at 5.6 per cent, offering the bank the flexibility to hike again in November, should the data warrant it.”
Bank of Japan is the key risk event on Friday. Markets are looking for any signs that the BOJ could be moving away from its ultra-loose policy faster than previously thought, after recent comments by Governor Kazuo Ueda sent yields much higher.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: therakyatpost - 🏆 14. / 59 Read more »