BOJ Expected to Raise Rates to 1.5 Percent in December
A majority of economists in a recent Reuters poll expect the Bank of Japan to raise interest rates to 1.50 percent in December. Rising energy costs and inflation pressures drive expectations for further policy tightening next year.
Xurve View
Insights:
Xurve View
Japan's central bank will raise interest rates to 1.50% in December following consecutive increases, per a Reuters poll of economists. The move accelerates a monetary tightening cycle that began with annual adjustments. Rising import costs and a volatile USD/JPY exchange rate are driving the policy shift.
