world-economy

BOJ Signals Additional Rate Hike Before Year-End as Global Central Banks Tighten

Japan's central bank is widely expected to raise interest rates again by December, with roughly nine in ten economists surveyed predicting another increase following this week's move to the highest level since 1995.

The anticipated action reflects broader monetary tightening across major economies. Federal Reserve Chairman Kevin Warsh has signaled growing support among US policymakers for rate increases in 2026, emphasizing price stability as a policy priority during his first meeting leading the central bank.

The Fed's latest interest rate projections show the median year-end 2026 federal funds rate target at 3.750%. Officials held rates steady this week while indicating momentum toward future hikes.