Bank of Japan Expected to Raise Interest Rates to a 31-Year High of 1.25% Driven by Oil-Price Inflation
According to the Nikkei, the Bank of Japan (BOJ) is expected to decide at its September 18 monetary policy meeting to raise the unsecured overnight call rate (policy rate) by 25 bps, from the current 1.00% to 1.25%. If approved, 1.25% would be the highest policy rate in 31 years, since 1995. Financial markets, including equities, are closely watching the outcome of the meeting and Governor Kazuo Ueda’s subsequent press conference. Expected Decision: Unsecured Overnight Call Rate to Rise to 1.25%
Bisc·09-18 02:08
