Odaily reported, citing a source, that the Bank of Japan is expected to continue raising interest rates at a fast pace, with December seen as the key point to watch. The report said the BOJ believes the current policy rate remains far from the neutral rate. It also said the central bank sees inflation needing to stay stably near its target. The item was attributed to Jin10. No additional details were provided in the brief. The update was published as a 7x24 newsflash and focused on the expected policy path, the gap between the current rate level and the neutral rate, and the condition that inflation should remain close to target.
Odaily reported, citing a source, that the Bank of Japan is expected to continue raising interest rates quickly, with December as the main point of focus.
The Bank of Japan said the current interest-rate level is still far from the neutral rate. It also said inflation needs to remain stable near its target.
The brief cited Jin10 as the source.
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