The US-Iran conflict erupts, and the Bank of Japan hints that there will be no rate hike in March

BlockBeats News, March 2 — Ryozo Himino, Deputy Governor of the Bank of Japan, did not send any clear signals about a potential interest rate hike in the near future during his latest speech on Monday. Influenced by the outbreak of conflict in the Middle East over the weekend, this further reinforced the existing market expectations that Japanese policymakers will hold steady at this month’s monetary policy meeting.

After the U.S. and Israel launched attacks on Iran, the global economic outlook has become even more uncertain. Himino’s comments suggest that the likelihood of a rate hike at the Bank of Japan’s policy meeting on March 19 is now very slim. (Jin10)