BOJ, BOK seen holding rates steady at upcoming meetings

AI-generated briefing · First published 2026-10-18 11:10:29 UTC

BOJ Governor Ueda said he cannot tolerate underlying inflation above 2 percent, while analysts expect the BOK to keep its 3 percent rate unchanged this week.

Bank of Japan Governor Ueda said he cannot tolerate underlying inflation further above 2 percent, speaking two weeks before the bank’s next policy decision where observers expect no change. [1]

Separately, all six economists surveyed by Yonhap expect the Bank of Korea to hold its benchmark rate at 3 percent at Thursday’s meeting, citing the need to assess the effects of July and August hikes. [2]

Sources

1. BOJ’s Ueda ‘can’t tolerate’ underlying inflation further over 2%

   The Japan Times · 2026-10-17 05:25:00 UTC · Summary only

2. Analysts forecast BOK to hold benchmark rate unchanged at upcoming meeting: poll

   Yonhap Business · 2026-10-18 01:05:19 UTC · Full text

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