Polled Economists All See BOJ Holding in January After Quake
01/17/2024 09:11
Surveyed economists unanimously expect the Bank of Japan to retain its negative interest rate next week after the minority who previously predicted a January move pushed back their forecasts in the wake of the New Year’s Day earthquake, a Bloomberg poll shows.
Surveyed economists unanimously expect the Bank of Japan to retain its negative interest rate next week after the minority who previously predicted a January move pushed back their forecasts in the wake of the New Year’s Day earthquake, a Bloomberg poll shows.
None of 51 surveyed economists expects authorities to raise the rate at a two-day gathering concluding on Jan. 23, a shift from December’s poll in which 15% predicted a move this month. Two-thirds forecast a rate hike by April, with 59% seeing the adjustment coming that month, and July became the second most popular pick at 10%, the survey showed.