Central Banks

Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

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Time to Read:-words

Goldman Sachs:

  • We
    think the
    Bank of Japan has
    not yet reached a situation where it can judge that it has sufficient
    confidence in the outlook
  • Under
    these circumstances, we expect the
    BoJ to
    maintain its policy rate at 0.25% at the December 18 – 19 Monetary
    Policy meeting

GS’s base case is for a January 2025 rate hike, which is unlikely to be the last one during this cycle.

Other sources saying the same:

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com. Source