Mmastodon BusinessBusiness first seen 8 h ago, last 42 min ago, peak #3
Bank of Japan may raise rates again in October, says former official
Original: The Bank of Japan could raise its benchmark rate for a second straight month when its board meets in October, earlier th
The Bank of Japan could raise its benchmark interest rate for a second consecutive month at its October board meeting, moving earlier than many economists expect, according to a former executive director who oversaw monetary policy at the central bank. The assessment adds to speculation about the pace of Japan's shift away from ultra-low rates and is drawing attention from markets watching for further tightening.
Why now: A well-placed former BOJ insider has signalled a faster rate-hike timeline than markets expect, feeding speculation ahead of the October meeting.
Evidence
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