BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation: Reuters poll

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BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation: Reuters poll - Channel News Asia

Quick Summary:

TOKYO : The Bank of Japan is likely to hold its key interest rate through June, showed a Reuters survey of economists, with a 25-basis-point hike next quarter expected by a slight majority of respondents rather than over two-thirds in a poll last month.

The central bank is set to cut its economic growth forecast in its quarterly outlook report due for release at its next policy meeting, Reuters previously reported.

Markets have priced in a 65 per cent chance of the BOJ raising its short-term rate by 25 basis points by year-end.