The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) on Tuesday, March 19 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of 12 major banks.
The Bank of Japan will hold its Monetary Policy Committee on Tuesday, March 19 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of 12 major banks. Analysts have different opinions on whether the BoJ will raise rates in March or in April. Markets now pricing in a 55% probability of an end to the negative interest rates policy . The BoJ could also abolish Yield Curve Control this month.
We also see both the YCC and the inflation-overshooting commitment ending, replaced by a benchmark for the pace of the bank’s JGB purchasing activity. ABN Amro Although we do not rule out the possibility of a March hike, our expectation is for the BoJ to stay pat at its March meeting. With consumption still weak, the central bank may wait until Q2 to see further confirmation in the macro data before hiking its policy rate for the first time in 17 years.
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