Central Banks
Most BOJ Watchers See July Rate Hike Risk With Bond-Buying Cut
- A third expect a hike in July, but 90% see risk of a hike
- Economists see BOJ cutting bond purchases by ¥1 trillion first
BOJ officials see weakness in consumer spending complicating their decision over whether to raise interest rates at the meeting.
Photographer: Soichiro Koriyama/BloombergThis article is for subscribers only.
While only about 30% of Bank of Japan watchers say authorities will hike interest rates when they gather next week, more than 90% see the risk of such a move, according to a Bloomberg survey.
Some 14 of 48 economists predict Governor Kazuo Ueda’s board will raise its policy rate from the current range of 0 to 0.1% at the July 31 conclusion of next week’s meeting, according to the poll.