Breaking: Bank of Japan keeps interest rate and YCC policy steady in July – by FXstreetNews Breaking BOJ InterestRate CentralBanks USDJPY
Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate.
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