Bank of Japan observers: Still believe that the Bank of Japan will gradually raise interest rates

ChainCatcher news, according to Jinshi reports, the latest survey by institutions shows that observers of the Bank of Japan still expect the pace of interest rate hikes to be gradual, although they believe that rates will rise to higher levels during the current cycle.

The survey indicates that all 52 analysts expect no policy changes at the meeting on March 19. July remains the best choice for the next rate hike, with 48% of respondents expecting an increase in July, down from 56% in the last survey. 76% of respondents expect the Bank of Japan to maintain a pace of approximately one rate hike every six months, with the next hike expected between June and September. Meanwhile, those expecting an earlier rate hike remain a minority but have slightly increased, with 13% of respondents anticipating the next hike on May 1, up from 4% in the last survey.