Home / Business and Economy / BOJ May Hike Rates Again in October, Ex-Chief Suggests
BOJ May Hike Rates Again in October, Ex-Chief Suggests
28 Sep
Summary
- Bank of Japan may raise benchmark rate for a second month.
- The October meeting could see an earlier-than-expected hike.
- A former executive director indicated the likely pace.
The Bank of Japan (BOJ) may implement a second interest rate increase in consecutive months during its October board meeting. This potential move is anticipated to occur earlier than many economists have forecast.
A former executive director who oversaw monetary policy indicated that the central bank's basic pace for rate adjustments will likely be once every three months. However, this schedule could be accelerated.
This suggests a more aggressive stance from the BOJ as it navigates economic conditions and inflation pressures. Further details on the board's considerations are expected closer to the October meeting.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
