NewzA former Bank of Japan official has stated that the central bank is likely to continue hiking interest rates on a quarterly basis. Despite this expected trajectory of ongoing monetary policy tightening, the Bank of Japan is widely anticipated to keep its benchmark rates steady at its upcoming policy meeting scheduled for October 30.
The projection highlights the central bank's broader strategy regarding interest rates amidst evolving economic conditions in Japan. The anticipated pause at the upcoming meeting offers a near-term holding pattern, while the anticipated quarterly hikes point to a longer-term normalization path for the nation's monetary policy.
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