TechFlow news, March 12 — According to Jinshi News, the latest institutional survey shows that observers of the Bank of Japan still expect a gradual pace of rate hikes, although they believe interest rates will rise to higher levels during the current cycle.
The survey indicates that all 52 analysts expect no policy change at the meeting on March 19. July remains the most likely timing for the next rate hike, with 48% of respondents expecting a rate increase in July, down from 56% in the previous survey. Meanwhile, 76% of respondents anticipate that the Bank of Japan will stick to a pace of raising rates approximately every six months, with the next hike occurring between June and September.
At the same time, the share of respondents who expect an earlier rate hike remains a minority but has slightly increased—13% now expect the next hike on May 1, up from 4% in the prior survey.
