Goldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meeting

Goldman Sachs:

• We think the Bank of Japan has not yet reached a situation where it can judge that it has sufficient confidence in the outlook
• Under these circumstances, we expect the BoJ to maintain its policy rate at 0.25% at the December 18 - 19 Monetary Policy meeting

GS’s base case is for a January 2025 rate hike, which is unlikely to be the last one during this cycle.

Other sources saying the same:

• BOJ reportedly sees little cost to waiting for next rate hike

Bank of Japan Governor Ueda