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BOJ to Raise Rates to 1.50% in December, Sticking to Quarterly Pace: Reuters Poll
- A majority of economists in a Reuters poll expect The BOJ to raise interest rates to 1.50% this quarter, continuing a policy tightening campaign that accelerated from one annual increase.
- Rising energy and import costs, worsened by a weak yen and conflict in the Middle East, are driving inflation pressure in Japan and supporting the case for further increases.
- Prime Minister Sanae Takaichi aims to keep new bond issuance at around $251 billion for the fiscal 2027 budget, though analysts fear her "spending and tax-cut plans" will worsen strained finances.
- Two board members nominated by Takaichi opposed the September rate hike to 1.25%, fueling trader concerns that her administration may attempt to restrain future policy tightening.
- Forecasters expect further rate rises to 2.0% by the middle of next year, with 51% of analysts anticipating such levels amid persistent inflation pressure.
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Global Market: BOJ's Himino says Japan inflation near 2% target, signals further rate hikes
Bank of Japan Deputy Governor Ryozo Himino says underlying inflation is nearing the central bank’s 2% target, while accommodative financial conditions and rising cost pressures strengthen expectations of further interest rate hikes.
·India
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BOJ to raise rates to 1.50% in December, sticking to quarterly pace ...
·London, United Kingdom
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
Factuality
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