- The outlook could be less accurate than before
- We can’t ignore US tariffs
- But also should not overemphasise their impact
- If US tariffs are zero or at low level, then quicker rate hike could be possible
- But no need to raise rates hastily when underlying inflation is stalling
For not wanting to put too much emphasis on its impact, he sure talked a lot about tariffs today. USD/JPY currently trades at 144.57 on the day, up from around 144.20 prior to Ueda’s presser.
This article was written by Justin Low at www.forexlive.com.
