BOJ Set to Hike Rates Next Week, Paving Way for Faster Increases

The Bank of Japan (BOJ) is expected to raise its benchmark interest rate by 25 basis points at next week's monetary policy meeting, according to a source familiar with the central bank.

This move could signal that the BOJ is prepared to increase the pace of rate hikes going forward, although it has not yet settled on a terminal rate or the timing of any additional increases.

Odaily, a cryptocurrency-focused media outlet, reported on September 11 that the source said a rate increase is expected at next week's meeting, with a 25 basis-point move the most likely outcome.