BOJ Holds Interest Rates, But Signs of a Hike Are Emerging
The Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged at 0.5% at its two-day meeting that ended last Thursday, in line with market expectations. This decision was supported by a majority of board members, although two dissenters, Naoki Tamura and Hajime Takata, reiterated their objections to the monetary easing policy. They believe it is time to raise interest rates to address rising inflation.
The main focus of this meeting was the increasingly diverse voices of board members. With the persistence of dissent, speculation is growing that the BOJ may consider a rate hike in the coming months, most likely in December. The market is now waiting to see how the BOJ will respond to the evolving economic situation following the leadership change and rising inflationary pressures. (az)
Source: Newsmaker.id
