2024-03-21 01:45:00 ET
Summary
- On Tuesday, March 19, the Bank of Japan (BOJ) raised their policy rate for the first time since 2007 by 10 bps to a range of 0 to 0.1%.
- We think the Fed could cut 2-3 times (0.25% each) in the back half of this year, which is in line with both market expectations and the latest forecasts from Fed officials.
- In Europe, the European Central Bank has been on hold since September having raised their policy rate by 450 bps over the past two years.
The era of negative rates has ended. On Tuesday, March 19, the Bank of Japan ((BOJ)) raised their policy rate for the first time since 2007 by 10 bps to a range of 0 to 0.1%....
Read the full article on Seeking Alpha
For further details see:
Negative Rates No More