18 March | Other

Bloomberg expects BOJ to hold key rate steady in light of global economic risks

Bloomberg expects BOJ to hold key rate steady in light of global economic risks

52 economists polled by Bloomberg suggest that the Bank of Japan (BOJ) is likely to keep its current benchmark interest rate when it meets on March 19. Mounting trade tensions are amplifying market worries regarding the global economic outlook. That’s why experts anticipate the borrowing costs in the Asian country to hold steady at 0.5%.

Global GDP growth has slowed significantly since the BOJ's last rate hike in January under Governor Kazuo Ueda. This meeting took place shortly after Donald Trump returned to the White House. He then announced his grand plans to impose high tariffs on major US trading partners, the agency reported.

At the upcoming meeting, investors will be closely watching for hints on Ueda's next rate move. The Bank of Japan's current protectionist stance and its impact will also be in the market spotlight. Bloomberg thinks Ueda is likely to hold off on raising borrowing costs due to the geopolitics.

Elena Berseneva MarketCheese
Period: 25.07.2025 Expectation: 440 pips
AUDCAD gains on technical bounce and improved sentiment in commodity markets
Today at 10:05 AM 27
Period: 25.07.2025 Expectation: 1700 pips
GBPUSD struggles to regain momentum as uptrend breaks
Today at 09:14 AM 24
Period: 25.07.2025 Expectation: 222 pips
Buying natural gas with target at 3.780 amid record heatwaves in US and Asia
Yesterday at 10:49 AM 61
Period: 25.07.2025 Expectation: 15000 pips
ETHUSD rally accelerates as US moves forward with crypto legislation
Yesterday at 10:13 AM 64
Period: 23.07.2025 Expectation: 600 pips
USDCAD gains strength amid dollar rally and falling oil prices
16 July 2025 86
Period: 25.07.2025 Expectation: 1000 pips
Nvidia's return to China pushes shares toward 180 level
16 July 2025 78
Go to forecasts