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The Fed and the Bank of Japan keep interest rates unchanged, and Powell will deliver a monetary policy report
According to Wu, the Federal Reserve and the Bank of Japan both kept their interest rates unchanged last week. The Federal Reserve's interest rate cap is 4.50%, and the Bank of Japan's policy rate is 0.5%. The Swiss National Bank cut its interest rate by 25 basis points to zero, and the Bank of England maintained its interest rate at 4.25%.
Bank of Japan Governor Kazuo Ueda said that if the economic outlook is realized, he will consider raising interest rates. This week, attention will be paid to Powell's semi-annual monetary policy report in the House of Representatives and the Senate, as well as economic indicators such as the US core PCE in May.
Bank of Japan Governor Kazuo Ueda said that if the economic outlook is realized, he will consider raising interest rates. This week, attention will be paid to Powell's semi-annual monetary policy report in the House of Representatives and the Senate, as well as economic indicators such as the US core PCE in May.
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