{"id":8620,"date":"2022-12-19T01:36:28","date_gmt":"2022-12-19T01:36:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=8620"},"modified":"2022-12-19T01:36:28","modified_gmt":"2022-12-19T01:36:28","slug":"week-ahead-markets-to-focus-on-boj-rate-statement-and-canadas-cpi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/week_ahead\/week-ahead-markets-to-focus-on-boj-rate-statement-and-canadas-cpi\/","title":{"rendered":"Week ahead: Markets to focus on BoJ rate statement and Canada’s CPI"},"content":{"rendered":"\n

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The financial markets will be monitoring the Bank of Japan policy statement this week. The central bank is expected to keep its short-term interest rate at -0.1%, the same as the previous month. <\/p>\n\n\n\n

Meanwhile, Canada will also be under scrutiny, as its Consumer Price Index is expected to rise by 0.4% in November.<\/p>\n\n\n\n

Here are the upcoming events for this week:<\/p>\n\n\n\n

<\/p>\n\n\n\n

Bank of Japan Monetary Policy Statement (20 December)<\/strong><\/p>\n\n\n\n

In its October policy statement, the Bank of Japan kept its key short term interest rate at -0.1% and that for 10-year bond yields around 0%. However, it revised its inflation forecast to 2.9% from 2.3% in July, citing surging prices of energy, food, and durable goods.<\/p>\n\n\n\n

Analysts expect the bank to keep its policy unchanged for this month.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Canada’s Consumer Price Index (21 December)<\/strong><\/p>\n\n\n\n

Canada’s Consumer Price Index (CPI) increased by 0.7% in October over the previous month. According to analysts, Canada’s CPI is expected to rise a further 0.4% in November.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Canada’s Gross Domestic Product (23 December)<\/strong><\/p>\n\n\n\n

The Canadian economy expanded by 0.1% in September, reversing an upwardly revised 0.3% increase in August.<\/p>\n\n\n\n

Economists expect the country’s gross domestic product to be unchanged in October.<\/p>\n\n\n\n

<\/p>\n\n\n\n

US Core PCE Price Index (23 December)<\/strong><\/p>\n\n\n\n

The US Core PCE Price Index, excluding food and energy, increased by 0.2% month-on-month in October compared with 0.5% in September.<\/p>\n\n\n\n

Analysts expect the index to rise by another 0.2% in November.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial markets will be monitoring the Bank of Japan policy statement this week. The central bank is expected to keep its short-term interest rate at -0.1%, the same as the previous month.  Meanwhile, Canada will also be under scrutiny, as its Consumer Price Index is expected to rise by 0.4% in November. Here are Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":7924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-8620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-week_ahead"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t