BANK OF JAPAN WILL SIGNAL MORE RATE HIKES AS PRICE PRESSURES BUILD

The Bank of Japan is set to keep interest rates steady on Friday but ​leave scope for further hikes with hawkish communication, as the economy faces mounting inflationary pressure from the Middle East war, a weak ‌yen and robust global AI demand.

The central bank, however, will likely stay ambiguous on the pace and timing of future rate hikes as it awaits data on the degree to which surging producer prices from the energy shock spread to the broader economy.

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