A Bloomberg survey finds that 90% of economists expect the Bank of Japan (BOJ) to raise interest rates again by the end of 2024, after the central bank increases rates to the highest level since 1995 earlier this week. The survey highlights a key timing question for the next move: whether the BOJ needs to act faster than its commonly expected pace of changing rates about once every six months. While the latest increase signals a continuation of the BOJ’s tightening cycle, the sources emphasize uncertainty around the timing of any subsequent hike rather than disagreement on the overall direction. Overall, the reporting aligns on the immediate trigger—this week’s rate increase—and on broad market expectations for at least one more tightening step before year-end. The articles present the expectation as based on economist forecasts, without detailing a single definitive BOJ timetable or citing a specific policy decision beyond the recent hike.
Most economists expect Bank of Japan rate hike again by year-end
A Bloomberg survey finds that 90% of economists expect the Bank of Japan (BOJ) to raise interest rates again by the end of 2024, after the central bank increases rates to the highest level since 1995...
- The BOJ raises rates earlier this week to the highest level since 1995.
- A Bloomberg survey reports 90% of economists expect another BOJ rate increase by December.
- Economists’ forecasts focus on expectations for the next move before year-end.
- The main uncertainty cited is whether the BOJ will move faster than its typical roughly six-month interval.
- The reports describe the outlook as broadly aligned across economists rather than divided.
A key question is whether or not the BOJ needs to act a little faster than its widely seen pace of moving once every six months.
2 months agoAn overwhelming majority of Bank of Japan watchers anticipate the central bank will raise interest rates again by the end of this year, following a hike to the highest level since 1995 earlier this week, according to a Bloomberg survey.
2 months ago
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