From The Japan Times · Toru Fujioka · · 50s
BOJ likely to keep hiking rates every quarter
Former BOJ official predicts December rate hike followed by March or April increase.
In brief
Former BOJ official predicts December rate hike followed by March or April increase. Japan's central bank may raise interest rates quarterly to control inflation risks. Originally reported by The Japan Times.
Former BOJ official predicts rate hikes
Eiji Maeda, a former Bank of Japan executive director, expects the next rate hike in December followed by another in March or April.
“I expect the next rate hike in December, followed by another in March or April”
Rate hike pace accelerating
The Bank of Japan's rate hike pace has accelerated to roughly one hike every three months, according to Maeda.
“The pace has now accelerated to roughly one hike every three months, and I think that’s appropriate”
Market pricing aligns with forecast
Overnight swaps market shows 80% chance of a rate increase by December.
“The overnight swaps market implies investors see a roughly 80% chance of an increase by December”
BOJ likely to hold rates steady
The Bank of Japan is expected to keep interest rates steady at its next policy meeting on October 30.
“The BOJ is widely expected to hold rates steady at its next policy meeting on Oct. 30”
The headline
Japan's central bank may raise interest rates quarterly to control inflation risks.
