according to insiders, Bank of Japan officials believe that before the current rate hike cycle ends, interest rates are likely to rise above 0.75%, indicating that there may be more rate hikes after next week's increase. These insiders said that officials believe that even if rates rise to 0.75%, the Bank of Japan has not yet reached the neutral interest rate level. Some officials already consider 1% to still be below the neutral interest rate level. Insiders stated that even if the Bank of Japan updates its neutral rate estimates based on the latest data, it currently does not believe that this range will significantly narrow. Currently, the Bank of Japan's estimate for the nominal neutral interest rate range is about 1% to 2.5%. Insiders said that Bank of Japan officials also believe there may be errors in the upper and lower limits of this range itself. (Golden Ten)
All Comments