boj speech, 2024-10-16
However, if, for example, the Bank maintains a zero interest rate until underlying inflation remains stable near the target of 2 percent, followed by discontinuous and sudden policy rate hikes once the target has been achieved, the risk of this causing an economic slowdown cannot be overlooked, as the slowdown could once again induce a shift to a deflationary regime that will heighten concern over deflation.
Sentiment: neutral
Topic: mp_interest_rate