00:00 – Intro
03:58 – Interview on lender of Japan raising finance charge rates
08:57 – Effects for countries that trade with Japan
The Reserve lender has left finance charge rates on hold amid signs that development in the economy has dramatically slowed down following 13 finance charge rate rises since May 2022. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-19/rba-keeps-finance charge-rates-on-hold-at-4-35-per-cent/103603962
The cash rate remains at 4.35 per cent, and while the central lender gave no clear indication of where it was headed next, saying it was “not ruling anything in or out”, many economists are predicting the RBA will start cutting finance charge rates in the second half of this year as inflation continues to moderate.
Some have pushed out their forecasts for rate cuts to November.
It comes as the lender of Japan opts for its first hike in 17 years, representing a major shift away from its policy of negative finance charge rates.
Ray Attrill, head of FX plan at NAB, explains what’s going on.
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