BOJ Policy Board Member 小枝淳子 said that no specific pace had been indicated for future rate hikes and that decisions would be made after reviewing economic conditions, prices and the financial environment each time. The stance of deciding at each successive meeting was emphasized.
At a press conference in Kumamoto, BOJ Policy Board Member 小枝淳子 said that she was “not thinking of a specific pace” for future rate hikes. Asked whether the Bank could decide on a rate hike at the October monetary policy meeting following September, she reiterated that decisions would be made after reviewing economic conditions, prices and the financial environment each time.
In remarks at a morning meeting, she indicated that the Bank would not be excessively cautious about rate hikes, given that inflation risks were considerable while accommodative financial conditions continued. Market participants are focused on whether an actual rate hike will be decided at a future meeting.
The article conveys the view, through 小枝淳子's remarks, that the possibility of a rate hike at the next meeting has not been ruled out. At the same time, it avoids asserting a specific pace or timing.