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Market Chatter: Most BOJ Watchers See Another Rate Hike Before Year-End, Bloomberg Survey Shows

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Nine in ten economists surveyed expect the Bank of Japan to raise interest rates again before year-end, building on Tuesday's increase that pushed borrowing costs to their highest since 1995, Bloomberg News reported on Thursday, citing its own survey.

A poll of 44 economists found December to be the most favored timing, chosen by 52% of the respondents, while 36% pointed to October, the report said.

Nearly a quarter identified September as the earliest the next move could come, Bloomberg said.

The BOJ lifted rates for the first time since December this week, flagging risks that underlying inflation could overshoot its 2% target.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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