Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

December 12, 2024 at 03:38AM
Goldman Sachs:

We
think the
Bank of Japan has
not yet reached a situation where it can judge that it has sufficient
confidence in the outlook

Under
these circumstances, we expect the
BoJ to
maintain its policy rate at 0.25% at the December 18 – 19 Monetary
Policy meeting

GS’s base case is for a January 2025 rate hike, which is unlikely to be the last one during this cycle.

Other sources saying the same:

BOJ reportedly sees little cost to waiting for next rate hike

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com.

Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting