Polled Economists All See BOJ Holding in January After Quake

01/17/2024 09:11
Polled Economists All See BOJ Holding in January After Quake

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.

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