Most BOJ watchers expect next interest rate hike in December

What happened: A survey shows more than 80% of Bank of Japan watchers expect the next interest rate increase in December, with none expecting a hike at the October 30 meeting. Key numbers: 83% forecast a hike at the meeting ending December 18, up from 35% last month. The current rate is 1.25%. Why it matters: The shift from January to December as the most popular pick, and the rise in those expecting quarterly hikes, points to expectations the BOJ will keep the same tempo after raising rates in September for the second time in three months, the fastest pace since 1990.

A survey shows more than 80% of Bank of Japan watchers expect the next interest rate increase in December, with none expecting a hike at the October 30 meeting.

The shift from January to December as the most popular pick, and the rise in those expecting quarterly hikes, points to expectations the BOJ will keep the same tempo after raising rates in September for the second time in three months, the fastest pace since 1990.