BBH SAYS SWAPS PUT OCTOBER BOJ RATE HIKE ODDS BELOW 5 %

What happened: Brown Brothers Harriman said swap markets price a low chance of a BOJ rate hike at the October meeting, while forecasting a rise in Japan's September inflation. Key numbers: BBH forecasts September CPI at 2.1% year over year, versus 1.9% in August. Swaps imply under 5% odds of a quarter-point hike to 1.50% on Oct. Why it matters: BBH's figures reflect market pricing, not a central bank decision. The BOJ says it will weigh economic activity, prices and financial conditions when deciding the timing of future increases, with an updated outlook due Oct. 30.

Brown Brothers Harriman said swap markets price a low chance of a BOJ rate hike at the October meeting, while forecasting a rise in Japan's September inflation.

BBH's figures reflect market pricing, not a central bank decision. The BOJ says it will weigh economic activity, prices and financial conditions when deciding the timing of future increases, with an updated outlook due Oct. 30.