HIROSHIMA, Japan - The Bank of Japan could maintain current ultra-low interest rates beyond the timeframe it now sets, a board member said on Wednesday in a sign of the central bank’s growing concern over global risks and stubbornly low inflation.
But he warned that risks to the outlook were “varied and big,” including from simmering U.S.-China trade tensions and uncertainty over Britain’s plan on leaving the European Union. The widening fallout from the U.S.-China trade war and slowing global demand have forced many major central banks to cut interest rates or shift to a more dovish policy stance.
Source: Loan Digest (loandigest.net)
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