BOJ Tipped to Hold Rates This Month, Leave Door Open to December Hike
Uk Jin
Summary
- The Bank of Japan is tipped to keep its benchmark interest rate unchanged this month.
- The BOJ said it would not rush an additional hike because inflation risks remain limited.
- The BOJ is leaving open the possibility of a rate hike in December and plans to review economic data before making a decision.
Forecast Trend Report by Period
The Bank of Japan is tipped to keep its benchmark interest rate unchanged this month.
Odaaily reported on October 13 that BOJ officials do not see a strong need for consecutive rate hikes this month. With no sign of a sudden increase in inflation risks, the central bank is not expected to rush into another increase.
Still, the BOJ is said to be leaving the door open to a rate hike in December. It plans to closely review upcoming economic data before deciding at its December monetary policy meeting whether to raise rates again.
The BOJ raised its benchmark interest rate to 1.25% last month.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.