Reuters survey: The Bank of Japan is expected to remain unchanged in July and September, with a 25 basis point rate hike anticipated within the year

ChainCatcher news, according to Jinshi reports, a recent Reuters survey shows that despite facing global trade tensions and domestic political uncertainties, most economists still predict that the Bank of Japan will raise interest rates by at least 25 basis points before the end of the year. Among the 72 respondents, 83% (60 people) expect the Bank of Japan to hold steady during its two policy meetings on July 30-31 and in September.

It is noteworthy that this survey, conducted from July 11 to 22, took place before the Senate elections on Sunday (July 21). However, the survey also indicated that among the 72 respondents, 39 people (54%) expect borrowing costs to rise from 0.50% to at least 0.75% in the next quarter, which marks a reversal from the 48% who anticipated a rate hike in the June survey.