Big questions for BoJ and BoE, with no easy answers

Tuersday 17th January 2022

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The Bank of Japan meets tomorrow with a question mark over the action they’ll take, if any. NAB’s Ray Attrill says there will be some changes as the bank faces the potential risk of increasing inflation. The Bank of England will be eyeing up UK employment data today, with Andrew Bailey already warning that the tight labour market and continued strike action could delay the reduction in prices. But couldn’t higher rates from the bank add to public sector wage demands? A slew of activity data from China today, and a multi-year high for the Aussie today – it touched 70 us cents for the ifrst time since August 2021.

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