BoJ set to hike rates as soon as September— Reuters
The Bank of Japan (BoJ) is set to raise interest rates as soon as September and is likely to hike more aggressively thereafter from the current pace of roughly twice a year, three sources familiar with its thinking told Reuters.
The Bank of Japan (BoJ) is preparing to raise interest rates as early as September, according to three sources familiar with the bank's plans. The central bank appears ready to increase rates more frequently than the current rate of roughly twice a year. This move would indicate concerns over price pressures originating from the Middle East conflict, robust global demand for AI-related products, and the persistent weakness of the Japanese Yen.
A source noted that an early rate hike has become a reality, suggesting a high probability that the BoJ will increase interest rates at their upcoming policy meeting on September 17 and 18.
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