According to a CNBC survey, 18 of 19 economists expect the Bank of Japan to raise the base rate by 25 basis points this week to 0.5 percent, the highest level since 2008. Economists say public comments by Kazuo Ueda, governor of the Bank of Japan, and remarks by Ryozo Himi, deputy governor of the Bank of Japan, to business leaders last week suggest that the Bank of Japan intends to raise interest rates. (Kim Ten)
According to a Reuters poll, 38 economists expect the Bank of Korea to keep the base rate unchanged at 3.50% on August 22. The Bank of Korea will cut the base rate by 25 basis points to 3.25% in the fourth quarter, the same as the July survey.
According to a Reuters poll, 55 of 101 economists expect the Federal Reserve to cut the federal funds rate by 75 basis points this year (up from 50 basis points in July), and economists surveyed expect average U.S. economic growth of 2.5 percent in 2024 and 1.8 percent in 2025.