BOJ is said to lean against back-to-back rate hike in October

What happened: Bank of Japan officials are leaning against a back-to-back interest rate increase at the October meeting, while still eyeing another move as soon as December, according to people familiar with the matter. Key numbers: October meeting on Oct. 30; a hike could come as early as the December gathering. Why it matters: Officials see little need for consecutive hikes without signs that upside inflation risks will increase abruptly, and will examine economic data to judge whether another hike is warranted. The final decision could still change until the last minute.

Bank of Japan officials are leaning against a back-to-back interest rate increase at the October meeting, while still eyeing another move as soon as December, according to people familiar with the matter.

Officials see little need for consecutive hikes without signs that upside inflation risks will increase abruptly, and will examine economic data to judge whether another hike is warranted. The final decision could still change until the last minute.