- Kazuo Momma, a former BOJ executive director for monetary policy, sees a reasonable chance the central bank raises its benchmark rate at consecutive meetings, with October a live possibility.
- The base case remains a hike roughly once every three months, but Momma assigns a 20% to 30% probability to back-to-back increases.
- An October move would come sooner than many economists expect and would mark the second straight monthly hike.
Quotes
“The basic pace will probably be once every three months, but there’s also a reasonable chance that the BOJ could raise rates at consecutive meetings”
“I’d put that possibility at around 20% to 30%.”