BOJ expected to raise rates again by the end of this year – poll

August 21, 2024
-FCHFX

August 21, 2024 at 05:15AM

31 of 54 (57%) of economists see the BOJ raising rates again by year-end

14 of 22 (64%) of economists forecast the BOJ to raise rates in December

8 of 22 economists (36%) forecast the BOJ to raise rates in October

The median prediction for interest rate is to end the year at 0.50%, which is 25 bps higher from currently. Well, the last rate hike caused an overblown panic in markets. So, I reckon they’ll give a bit of breathing room for traders to digest the next one. But with the economy stuttering and inflation not exactly running out of control, the call to raise rates again might be more finely balanced than one would think.

This article was written by Justin Low at www.forexlive.com.

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