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 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:
BOJ reportedly sees little cost to waiting for next rate hike
Bank of Japan Governor Ueda
This article was written by Eamonn Sheridan at www.forexlive.com.
