BOJ Will Raise Rates Again This Year, Say Two-Thirds of Economists: Reuters Poll usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The Bank of Japan will raise interest rates again in 2024, according to two-thirds of economists polled by Reuters, but there was no clear consensus on when exactly the move would come. .
Japan is well-known for following dovish monetary policies to stimulate economic activity. As the world's third-largest economy has held its key interest rates at negative 0.1% since February 2016. While the country successfully navigated through post-pandemic inflation woes without raising benchmark interest rates, the stickier-than-expected inflation trajectory drove the Bank of Japan (BOJ) to adopt a more hawkish approach last week, marking the first rate hike in 17 years. Don't Miss: One sto
The Bank of Japan will begin to unwind its ultra-loose monetary settings as early as January, more than a fifth of economists in a Reuters poll said, heightening expectations the controversial.