QNB: BOJ Likely to Persist with Tightening
QNB Bank expects the Bank of Japan to continue tightening its monetary policy in the coming quarters due to persistent inflation pressures and the forecast of rising interest rates, with an indication that the interest rate could reach around 1.5 percent in the medium term. It was noted that the bank increased the official interest rate to 1 percent in June 2026, marking the highest level since 1995, as part of a gradual shift away from old easing policies. This reflects a change in inflation dynamics, given Japan's long-standing difficulty in achieving its 2 percent inflation target for over a decade.
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