15 Jul 2014
BoJ downgrades 2014 outlook - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the central bank did downgrade the 2014 growth outlook and increased the 2014 inflation forecasts, while leaving the 2015 and 2016 forecasts essentially unchanged.
Key Quotes:
"Accordingly the forecasts changes likely offset themselves from a monetary standpoint and provide little of new in terms of the expectations of QQE from here. However Governor Kuroda’s insistence that inflation does not risk falling below 1% will force a dovish turn at the central bank if CPI does struggle."
Key Quotes:
"Accordingly the forecasts changes likely offset themselves from a monetary standpoint and provide little of new in terms of the expectations of QQE from here. However Governor Kuroda’s insistence that inflation does not risk falling below 1% will force a dovish turn at the central bank if CPI does struggle."