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BOJ expected to choose 'constructive ambiguity' on future rate hikes
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The Bank of Japan (BOJ) is expected to maintain 'constructive ambiguity' regarding future interest rate hikes, avoiding clear-cut estimates on the neutral rate. Governor Kazuo Ueda's signals have led markets to anticipate a rate hike to 0.75% in December. The BOJ's current neutral rate estimate is 1%-2.5%, but it may revise this to allow further hikes without harming the economy. Former BOJ officials suggest ambiguity is necessary for policy flexibility, while market players call for hawkish guidance to prevent yen selling.
Source: Reuters The copyright of this article belongs to the original author/organization.
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