BOJ will raise interest rate next week, all economists in a recent poll predict

The Bank of Japan will raise its policy interest rate next week, resuming a hiking cycle for the first time since January, according to a Bloomberg survey of BOJ watchers.

All 50 economists expect the central bank to raise its benchmark rate to 0.75% at a policy meeting set to conclude next Friday, according to the poll. This is the first time every respondent has predicted a rate shift under Gov. Kazuo Ueda’s watch.

The BOJ is expected to restart the cycle of hikes after pausing for months to assess the impact from U.S. President Donald Trump’s tariff campaign. With the rate action fully priced in, many BOJ watchers said the focus of the gathering will be any signals pointing to the pace of future rate increases, and the likely peak for this cycle.