A Reuters poll conducted between December 2 and 9 showed that the vast majority of economists expect the Bank of Japan to raise interest rates by 25 basis points to 0.75 percent at its December meeting and raise borrowing costs to at least 1 percent by the end of September.
The Bank of Japan is expected to implement its first rate hike since January at its December meeting, sources said earlier. The government led by Prime Minister Tsuneo Takaichi is expected to tolerate the decision, given inflation risks and a weak yen. Ninety percent of economists (63 out of 70) expect the Bank of Japan to raise short-term interest rates from 0.50% to 0.75% at next week's meeting, a sharp increase from 53% in last month's survey. Just over two-thirds of respondents (37 out of 54) said rates would reach at least 1.00% by the end of September next year. (Jin Ten)
Reuters poll: Bank of Japan is expected to raise interest rates by 25 basis points in December, rising to 1% by September next year
2025-12-11 06:20:07
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