BOJ Policy Board member Koeda (小枝) said that the Bank would not be overly cautious about future rate hikes, indicating a commitment to continue raising rates. Koeda also referred to the range for the neutral interest rate in the speech and said that no specific pace was being considered.
Regarding future rate hikes, Policy Board member Koeda (小枝) said that the Bank would not be overly cautious and indicated a commitment to continue raising rates.
In the speech, Koeda emphasized that the risk of rising prices was considerable, while expressing the view that the neutral interest-rate range was “considerably above 1%, which is a guide to the lower bound.”
The Bank of Japan raised its policy rate to around 1.25% at last month's Monetary Policy Meeting, but Koeda said that the Bank was “not considering any specific pace” with regard to the possibility of consecutive rate hikes.