Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

Goldman Sachs:

• We
  think the
  Bank of Japan has
  not yet reached a situation where it can judge that it has sufficient
  confidence in the outlook
• Under
  these circumstances, we expect the
  BoJ to
  maintain its policy rate at 0.25% at the December 18 – 19 Monetary
  Policy meeting

GS’s base case is for a January 2025 rate hike, which is unlikely to be the last one during this cycle.

Other sources saying the same:

• BOJ reportedly sees little cost to waiting for next rate hike

Bank of Japan Governor Ueda

This article was written by Eamonn Sheridan at www.forexlive.com.