BOJ raises interest rates to 31-year high in widely expected move
- The Bank of Japan raised its benchmark interest rate by 25 basis points, from 1.00% to 1.25%, the highest level since 1995.
- The BOJ board approved the increase by a 7-2 majority vote.
- The central bank warned that underlying inflation could rise above its 2% target amid higher energy costs and a weak yen.
- The BOJ said it would continue raising rates as underlying inflation nears 2% and financial conditions remain accommodative.
245 Articles
245 Articles
The Bank of Japan’s Damp Squib
So much for US Treasury Secretary Scott Bessent’s claim that he had asymmetric information about the Bank of Japan’s (BOJ) interest rate policy intentions. So much, too, for his warning to currency traders not to bet against the Japanese yen, claiming that he was now the house. Yesterday, at its interest rate meeting, far from surprising markets with a more aggressive monetary policy stance, the BOJ confirmed the market’s view that it is a cent…
The Bank of Japan (BoJ) raised its key interest rate by a quarter of a percentage point to 1.25 percent on Friday, taking rates to their highest since 1995. The bank continues to gradually end the era of extremely cheap money that has lasted in the country for several decades.
BOJ raises rates in split decision amid US pressure
The Bank of Japan (BOJ) raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalization from Washington.The BOJ lifted its policy rate by a quarter point to 1.25 percent yes
The Japanese central bank has raised its key rate to the highest level in 31 years.
He announced that he will increase them even more to counter inflation, which slowed down in August
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