Most BOJ watchers expect next interest rate hike in December
More than 80% of Bank of Japan watchers anticipate the central bank’s next interest rate increase will come in December, according to a recent survey. None expect a hike when the bank concludes its next meeting on Oct. 30.
A recent poll indicates that a majority of observers anticipate the Bank of Japan's next interest rate increase will occur in December. Notably, none of the respondents believe a hike will take place during the bank's meeting on October 30. An overwhelming 83% of economists predict the central bank will raise borrowing costs from the present rate of 1.25% at its session concluding in December.
Just a month prior, only 35% of respondents foresaw a rate increase in December. In that earlier survey, January was the most favored option for the subsequent rate hike. The latest poll also reveals that 67% of participants expect the BOJ to raise rates on a quarterly basis, a significant rise from 46% in the previous survey. This suggests that the BOJ is expected to maintain the accelerated pace of rate hikes it initiated in September, marking the quickest escalation in interest rates since 1990.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
