- The Fed's rate increase adds pressure on the Bank of Japan to tighten monetary policy to support the yen, with Asian currencies weakening on the combination of higher US rates and high oil prices.
- The Czech National Bank holds its benchmark rate at 3.75% for a second meeting, with all economists in a Bloomberg survey expecting the hold, even as surging oil prices and a widening budget deficit fuel bets on more tightening ahead.
Quotes
“Fed increase adds to pressure on Bank of Japan to tighten monetary policy to support yen”
“Czech policymakers are poised to hold interest rates for a second meeting, even as concerns over surging oil prices and a widening budget deficit fuel bets on more tightening to come.”
“The Czech National Bank will hold the benchmark rate at 3.75% on Thursday, according to the forecasts of all economists in a Bloomberg survey.”