Bank of Japan (BOJ) board member Toichiro Asada said this morning (12/11) that the BOJ should be cautious about the pace of interest rate hikes, while leaving the door open to further increases.
Asada — who voted against both rate hikes this year — noted that the 1.25% policy rate is already within the estimated neutral interest rate range (above 1% to 2.5%), so each additional hike carries greater risks for the economy. Markets still expect the BOJ to raise rates to 1.5% in December.
#boj $BTC
Asada — who voted against both rate hikes this year — noted that the 1.25% policy rate is already within the estimated neutral interest rate range (above 1% to 2.5%), so each additional hike carries greater risks for the economy. Markets still expect the BOJ to raise rates to 1.5% in December.
#boj $BTC
