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Will the Bank of Japan raise its policy rate at the December 2026 monetary policy meeting (Dec 17–18)?

EconomicsForecast onlyLive data

Delphi’s forecast

  • Yesyour pick43.3%$0.43
  • No56.7%$0.57
Forecast only. Not tradable.

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Forecast reasoning

Economist expectations shifted dramatically to 83% expecting a December hike as of late October, up from just 35% a month prior, while market pricing shows 65–77% probability depending on the pricing method used. Governor Ueda's recent signals that further tightening toward neutral is possible have reinforced this view, though the 43% probability here reflects meaningful uncertainty about whether the BOJ will actually follow through in the next 50 days.