GOLDMAN SACHS EXPECTS BANK OF JAPAN TO KEEP RATE AT 0.25% IN DECEMBER MEETING

Tina Collins

12 Dec 2024 — 1 min read

GOLDMAN SACHS EXPECTS BANK OF JAPAN TO KEEP RATE AT 0.25% IN DECEMBER MEETING

Bank of Japan Policy Expectation: Goldman Sachs predicts the Bank of Japan (BoJ) will maintain its policy rate at 0.25% during its December 18-19 Monetary Policy meeting.

Lack of Sufficient Confidence: Goldman Sachs believes the BoJ has not yet gained enough confidence in the economic outlook to justify a rate hike.

Base Case for 2025 Rate Hike: Goldman Sachs' base case scenario forecasts a rate hike in January 2025, with the possibility of further rate increases during the current cycle.

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CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL