16 March 2001, 11:58  SENIOR SOURCE SEES BOJ BACK TO ZIRP MONDAY

The Bank of Japan almost certainly will return to its policy ofguiding key overnight rates as close to zero as possible at itsboard meeting Monday, and likely will offer some measuresmoving towards some form of inflation targeting, a senior sourcetold Market News International. The nine-member policy board willalmost certainly approve the move Monday amid renewed signsof an escalating financial crisis in Japan, said the source, who isclose to the BOJ board's current thinking.

© 1999-2024 Forex EuroClub
All rights reserved