Market Analysis: Bank of Japan Unlikely to Raise Interest Rates Again Before June Next Year

BlockBeats News, December 19th, EFG Bank economist Sam Jochim stated that the Bank of Japan's belated interest rate hike is more like easing off the accelerator rather than hitting the brakes. He believes that there is still room for further rate hikes next year and points out that the Bank of Japan emphasizes that even after the rate hike, the interest rate level will still be significantly low. The future trend largely depends on the annual spring labor negotiations that set the tone for wage growth, meaning that another rate hike is unlikely before June next year. He stated that although the Bank of Japan remains behind the curve after today's decision, the pace of monetary policy tightening will continue to be very gradual. (Kryptonewsz)