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Survey Shows Economists Expect Bank of Japan Rate Hike in December

A Reuters poll indicates most economists foresee a short-term rate increase to 0.75%, with many projecting at least 1% by next September.

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Terms & Concepts
  • Short-term interest rate: The interest rate charged on loans or paid on deposits with a short maturity period, often set by a central bank to influence economic activity.
  • Bank of Japan (Japan's central bank): The central banking authority of Japan, responsible for monetary policy, currency issuance, and maintaining financial stability.