Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting
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 outlookUnder these circumstances, we expect the BoJ to maintain its policy rate at 0.25% at the December 18 - 19 Monetary Policy meetingGS’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:BOJ reportedly sees little cost to waiting for next rate hikeBank of Japan Governor Ueda This article was written by Eamonn Sheridan at www.forexlive.com.
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.
