Bank of Japan Decision on the Interest Rate. Japan, 05:00 (GMT+2)

Bank of Japan Decision on the Interest Rate. Japan, 05:00 (GMT+2)

At 05:00 (GMT+2), the Bank of Japan decision on the interest rate will be announced, and then a press conference will be held. It is expected that the key rate will remain at the same level of –0.10%, which it has been holding since 2015. The follow-up statement and the press conference, which may contain hints of further actions of the regulator, are of more interest for the investors. At the previous meeting, the head of the regulator, Haruhiko Kuroda, noted that the prospects for the global economy improved due to the conclusion of a trade deal between the US and China, but he also warned that the risks for the recovery of the Japanese economy remain high. The follow-up statement confirmed that interest rates will remain at their current or lower levels for as long as it takes to bring inflation back to target levels.

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