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BOJ to hike rates by year-end, say majority of analysts; no September change seen
The Bank of Japan (BOJ) will not raise interest rates at a policy meeting next week, economists unanimously said in a Reuters poll published on Friday, but a majority of them still expect an increase by year-end. Little changed from a survey last month, with the findings showing analysts' conviction the BOJ is committed to emerge from decades of massive monetary stimulus at a time its global peers, including the U.S. Federal Reserve, are moving toward rate cuts. None of the 52 economists in the Sept. 4-12 poll said the BOJ would raise borrowing costs at its Sept. 19-20 meeting. However, 54 per cent, or 28, expect the ... (full story)
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- Posted: Sep 13, 2024 7:45am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,220
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