RSS Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

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 RSS Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

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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.
 
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