Central Banks
BOJ Watchers See No October Move With Half Expecting December
- Most economists see hike in either December or January
- Analysts watching upcoming gathering closely for policy hints
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The Bank of Japan is expected to keep its benchmark interest rate unchanged next week before raising it in December or January, according to most economists surveyed by Bloomberg.
Almost all of 53 BOJ watchers predict a stand pat decision at the end of a two-day meeting on Oct. 31, according to the poll. Some 53% see a rate hike in December, keeping it the most popular timing. Those expecting the move in January has jumped to 32% from 19%, while there’s been a drop in expectations for this month.