Central Banks
One in Three BOJ Watchers Expects July Hike Along With QT Plan
An pedestrian passes the Bank of Japan (BOJ) headquarters in Tokyo, Japan.
Photographer: Soichiro Koriyama/BloombergThis article is for subscribers only.
The Bank of Japan will raise its interest rate in July in addition to unveiling a roadmap for its path toward quantitative tightening, according to one-third of economists surveyed by Bloomberg.
Some 33% of 43 economists said the upper bound of the policy rate will be raised from 0.1% at the board meeting that concludes on July 31, the survey conducted on Tuesday showed. Prior to this month’s meeting, about the same percentage were penciling in July for a hike.