BBC on Nostr: The Bank of Japan raises interest rates for second time this year ========== The Bank ...
The Bank of Japan raises interest rates for second time this year
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The Bank of Japan (BoJ) has increased its key interest rate to "around 0.25%" from the previous range of 0% to 0.1%, marking the second rate hike since 2007. The move is aimed at easing rising prices in Japan's economy. The BoJ also plans to unwind its massive bond buying program as it eases back from a decade of stimulus measures. This comes ahead of the US Federal Reserve's interest rate decision. In 2016, Japan had cut its main interest rate below zero to stimulate its stagnating economy. The hike means there are no longer any countries with negative interest rates.
https://www.bbc.com/news/articles/cw4yz4emgwko
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The Bank of Japan (BoJ) has increased its key interest rate to "around 0.25%" from the previous range of 0% to 0.1%, marking the second rate hike since 2007. The move is aimed at easing rising prices in Japan's economy. The BoJ also plans to unwind its massive bond buying program as it eases back from a decade of stimulus measures. This comes ahead of the US Federal Reserve's interest rate decision. In 2016, Japan had cut its main interest rate below zero to stimulate its stagnating economy. The hike means there are no longer any countries with negative interest rates.
https://www.bbc.com/news/articles/cw4yz4emgwko