BOJ likely to cut CPI, GDP forecasts

By FXStreet FXStreet (Bali) – According to sources familiar with the matter, reported by Reuters, BOJ is likely to cut this year’s fiscal core CPI forecast to below 0.5% at next week’s rate review vs the current 0.7%, while GDP forecast is also expected to be downgraded to 1% from 1.7%.

Headlines via Reuters

BOJ likely to cut this fiscal year’s core cpi forecast to below 0.5 pct next week from current 0.7 pct projection

BOJ likely to cut next fiscal year’s core cpi forecast only slightly from current 1.9 pct projection

BOJ likely to cut this fiscal year’s gdp forecast to around 1 pct from current 1.7 pct expansion

BOJ unlikely to make substantial changes to next fiscal year’s economic growth forecast of 1.5 pct

Will only slightly tweak its projections for next year, sources said, possibly tempering expectations that the central bank will soon ease monetary policy further
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Source:: FX Street