Expectations are growing that the Bank of Japan is considering another rate hike. Its next Monetary Policy Meeting will be held over two days, September 17 and 18, with the decision expected to be announced on the 18th. The current policy rate remains at 1.0%.
The Bank of Japan decides whether to raise its policy rate at the eight Monetary Policy Meetings it holds each year. The next meeting will be held over two days, September 17 and 18, and if a rate hike is decided, it will be announced on the 18th. The current policy rate is 1.0%.
The policy rate guides the uncollateralized overnight call rate between banks, and once the latest rate hike is completed, it will also affect banks' deposit and lending rates.