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28.04.26 - 17:42
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FOMC, ETF Outflows Keep Cryptos Subdued (AFX)
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WASHINGTON (dpa-AFX) - Outflows from U.S.-listed Bitcoin and Ethereum Spot ETF products as well as anxiety ahead of the FOMC meeting kept cryptocurrencies subdued on Tuesday morning. Overall crypt......
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28.04.26 - 17:42
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BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation (ZeroHedge)
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BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation
In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices.
While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations, it came via a rare six-to-three vote split of the Monetary Policy Committee, the biggest divergence of opinion under governor Kazuo Ueda, and since the launch of the bank's negative interest rate policy in 2016.
The three dissenters called for an immediate rate increase to 1%, reflecting fears that the BoJ is at risk of falling even further behind the curve by postponing rate increases as it seeks to “normalise” monetary policy at a time when Japan's inflation is dangerousl...
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