Goldman Sachs:
-
We believe that the Bank of Japan has not yet reached a point where it can judge that it has sufficient confidence in the outlook
- Under these circumstances, we expect the BoJ to keep its policy rate at 0.25% at the December 18 – 19 Monetary Policy meeting.
The GS base case is for a rate hike in January 2025, and it is unlikely to be the last in this cycle.
Other sources say the same thing:
Bank of Japan Governor Ueda
This article was written by Eamonn Sheridan at www.forexlive.com.
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