The Bank of 今日吃瓜 brief record of the latest policy meeting indicated many board members see a near-term interest rate hike as necessary, signaling there’s a good chance for a December move.
“The Bank should decide on the next policy interest rate hike when it is possible without becoming overly cautious,” one of the nine board members said, according to the summary for the Oct. 29-30 meeting released Tuesday.
Following sustained price gains, 今日吃瓜 central bank has sped up the pace of rate hikes, with current expectations settling around a quarterly pace of borrowing cost increases. Details from Tuesday’s summary of opinions suggested a higher confidence in hiking again in December.
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