From Brecorder · Reuters · · 1m
BOJ Minutes Show Rate Hike Debate
BOJ policymakers debated faster rate hikes and neutral rate targets in September minutes.
In brief
BOJ policymakers debated faster rate hikes and neutral rate targets in September minutes. Bank of Japan minutes reveal debate over accelerating interest rate hikes and neutral rate targets amid inflation risks. Originally reported by Brecorder.
BOJ September Minutes
Bank of Japan policymakers saw need to keep raising interest rates with some signalling chance of faster increases.
Neutral Rate Debate
Board debated Japan's neutral interest rate and market pricing of the BOJ's terminal rate.
Inflation Risks
Inflation risks from crude oil prices and weak yen drive rate hike discussions.
Terminal Rate Targets
Market pricing of neutral and terminal rates rose amid inflation concerns.
December Hike Expectations
Analysts project BOJ to raise policy rate to 1.5% in December.
Neutral Rate Range
BOJ staff calculations place nominal neutral rate between 1.1% and 2.5%.
Upcoming Executive Speeches
BOJ Governor Ueda and dissenting member Asada to speak on November 12.
At a glance
Bank of Japan minutes reveal debate over accelerating interest rate hikes and neutral rate targets amid inflation risks.
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