Surveillance: BOJ Jolt with BNY Mellon's Yu
Bloomberg Surveillance
00:00
The End of the Rate Hiking Cycles
The ECB will be monitoring excess reserves, that aspect of the central bank's balance sheets and continues them to come off. But overall, looking at all the central banks, I think that markets can absorb this for now. Now that Japan has moved and the yen can strengthen a bit, then that gives more room for Asian central banks to tighten things or at least shift towards a more assertive stance.
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