Central Banks
Stepped-Up Global Easing Risks Making It Harder for BOJ to Hike
- ECB, BOE are now seen on more aggressive path for easing
- Japanese markets slid in August amid worries over tightening
This article is for subscribers only.
Bets on more aggressive monetary easing in a number of advanced economies risk making the Bank of Japan stand out all the more for contemplating raising, not lowering interest rates.
Bank of England Governor Andrew Bailey said his central bank can become “a bit more activist” in its approach to lowering rates, in remarks published Thursday. The euro is heading for its longest daily losing streak since April as traders speculate on an increasingly aggressive rate-cut path at the European Central Bank. Weak economic data in Canada and Sweden have also raised odds on further easing in those markets.