🐉 Bank of Japan held at 1.25% — but said underlying inflation has finally hit its 2% target, opening the door to December.
👉 The vote was 8-1: Hajime Takata dissented, calling for a hike to 1.5% now.
👉 The BoJ raised its FY2027 core CPI forecast to 2.6%, from 2.4% in July, and stressed it is ready to keep raising rates to stop inflation overshooting.
👉 It will also nearly triple ETF sales from January, to about ¥860 billion a year.
👉 More than 80% of economists now expect the next hike in December — Ueda's press conference was the test of whether the BoJ reinforces that or stays neutral.
👉 BTC is still under $80,000, around $78,100, in a market digesting this and the Binance hack at the same time.
#BinanceSquare #Bitcoin #BoJ #Crypto
A hold today, with December now firmly on the table.
👉 The vote was 8-1: Hajime Takata dissented, calling for a hike to 1.5% now.
👉 The BoJ raised its FY2027 core CPI forecast to 2.6%, from 2.4% in July, and stressed it is ready to keep raising rates to stop inflation overshooting.
👉 It will also nearly triple ETF sales from January, to about ¥860 billion a year.
👉 More than 80% of economists now expect the next hike in December — Ueda's press conference was the test of whether the BoJ reinforces that or stays neutral.
👉 BTC is still under $80,000, around $78,100, in a market digesting this and the Binance hack at the same time.
#BinanceSquare #Bitcoin #BoJ #Crypto
A hold today, with December now firmly on the table.