Market
What will be the BoJ's interest rate decision on January 23-24, 2025?
4
Resolution / Starting Odds
Rate hike • 25%
No change • 25%
Rate cut • 25%
Other action • 25%
Official announcement from the Bank of Japan
Story
Bank of Japan Eyes Rate Hike on January 23-24 Amid 80% Market Expectation
Jan 19, 2025, 01:51 PM
The Bank of Japan (BoJ) is poised to raise interest rates at its upcoming policy meeting on January 23-24, 2025, with market expectations indicating a high probability of a rate hike. This anticipation follows comments from BoJ Governor Kazuo Ueda and Deputy Governor Ryosuke Hikami, who have expressed a positive stance on rate increases. However, the decision could be influenced by market reactions to Donald Trump's inauguration on January 20, 2025, as the BoJ monitors potential volatility in the financial markets following the event. The market has already priced in an 80% chance of a rate hike, with the possibility of significant yen depreciation if the BoJ opts to delay the increase.
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