BOJ May Raise Rates by 25 Basis Points Next Week, Could Signal Faster Hikes
Minseung Kang
Summary
- The Bank of Japan is most likely to raise its benchmark interest rate by 25 basis points (0.25 percentage point) at next week's monetary policy meeting.
- The BOJ could signal that it is prepared to increase the pace of rate hikes going forward.
- Still, it has no fixed position on the terminal rate or the timing of any additional rate increases.
Forecast Trend Report by Period
The Bank of Japan may raise its benchmark interest rate by 25 basis points at next week's monetary policy meeting.
Odaily, a cryptocurrency-focused media outlet, reported on Sept. 11 that a source familiar with the BOJ said a rate increase is expected at next week's meeting, with a 25 basis-point move the most likely outcome.
The BOJ could also signal that it is prepared to accelerate the pace of future rate hikes. However, it has not yet settled on a terminal rate or the timing of any additional increases.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.