BlockBeats reported that on August 9, Morgan Asset Management said that the Bank of Japan will avoid raising interest rates again in the short term, and further tightening of policy may depend on the direction of the US economy. "The Bank of Japan actually has a path to act again, but that is a path where the Federal Reserve cuts interest rates and tries to stabilize the US economy," said Seamus Mac Gorain, the company's global head of interest rates. "Of course, if the United States falls into recession, the road is blocked."
Mac Gorain believes that further tightening of monetary policy may not take until 2025. In an interview, he said that the Bank of Japan may make a series of rate hikes, but it depends on a fairly benign global background. "Obviously, the Bank of Japan will not act until the market stabilizes," Mac Gorain said. "It certainly also depends on whether the U.S. and global economies can avoid recession." (Jinshi)
