BOJ likely to keep hiking rates every quarter, ex-official says

What happened: A former BOJ executive director, Eiji Maeda, said the Bank of Japan will probably keep raising interest rates every three months, with the next hike expected in December. Key numbers: Next hike expected in December, followed by another in March or April. Overnight swaps imply a roughly 80% chance of an increase by December. The BOJ is widely expected to hold rates steady at its Oct. 30 meeting. Why it matters: Maeda said the pace has accelerated to roughly one hike every three months and called that appropriate. The view is broadly in line with market pricing.

A former BOJ executive director, Eiji Maeda, said the Bank of Japan will probably keep raising interest rates every three months, with the next hike expected in December.

Maeda said the pace has accelerated to roughly one hike every three months and called that appropriate. The view is broadly in line with market pricing.