BOJ to end negative interest rates in 2024, more economists say- Reuters poll

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BOJ to end negative interest rates in 2024, more economists say- Reuters poll
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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWireTOKYO - The Bank of Japan will end its negative interest rate policy next year, according to nearly two-thirds of economists in a Reuters poll, with more now saying the central bank is inching closer to phasing out ultra-accommodative monetary policy.

While 25 of 28 economists polled Oct 17-25 expect no change to policy at next week's meeting, the remaining three, at Barclays, JP Morgan and UBS, said the BOJ would begin unwinding its easy stance then. Japan stands out as the sole major central bank that has forged ahead with easy policy during a time when most others have aggressively raised interest rates to tamp down inflation, with some policymakers still not ready to call time on tightening.

Around 70% of poll respondents forecast the BOJ to end its yield curve control policy by end-2024, down from 78% in the previous month's poll, which had slightly fewer respondents.

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