Despite the rise in these bets, Al Mariri, in an interview with Al Arabiya Business, suggested keeping interest rates unchanged, considering that the Fed may wait for more indicators before making its decision, most notably the inflation and production data expected this week.
He pointed out that the next policy will depend on growth and inflation numbers, in addition to the bond market situation and avoiding widespread selling waves. He also pointed out that there is no official announcement of intervention to support the Japanese yen, although the speed of its rise suggests possible movements, stressing that intervention alone is not sufficient without a change in the policy of the Bank of Japan.
Regarding gold, Al-Mariri maintained his positive outlook, based on the continued purchases of central banks and the metal’s ability to remain above $4,300, and he did not rule out its approaching the $5,000 level by the end of the year.
