BOJ Likely to Raise Rates in September Instead of October
Dow Jones
Aug 10
0501 GMT - The BOJ is likely to raise rates in September instead of in October, say two economists at Barclays, as they frontload their rate-hike call. The Summary of Opinions from the BOJ's July 30-31 meeting released today "sounded more hawkish overall than Gov. Ueda's remarks and gave an impression that policymakers are positive about deciding on a rate hike at the September meeting," the economists say. Barclays now forecasts three BOJ rate increases: September 2026, January 2027 and July 2027, with a terminal rate of 1.75%, compared with prior projections of two rate hikes in October and April, with a terminal rate of 1.5%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.