Central Banks
More Than 70% of BOJ Watchers Expect a Rate Hike Next Week
- Ueda has raised expectations by saying hike will be discussed
- Trump could still prevent a hike next week by rocking markets
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Almost three quarters of Bank of Japan watchers predict an interest rate hike next week according to the latest Bloomberg survey, reflecting a jump in expectations after Governor Kazuo Ueda said his board will be discussing the move.
Some 74% of 53 economists forecast a rate increase at the end of the two-day meeting on Jan. 24, according to the poll, rising from 52% in the previous survey. Some 23% expect the move to come in March.