Bullet points of Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
Bullet points of Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
- The Bank of Japan kept its benchmark interest rate steady at around 0.25%.
- Economists largely see another rate hike by the end of the year.
- The BOJ Governor Kazuo Ueda said the central bank would continue to raise interest rates if the economy and inflation stayed in line with the central bank's projection.
- The tightening stance has set the BOJ apart as an outlier at a time when most of the global central banks are shifting toward easing policy.
- The Bank of Japan kept its benchmark interest rate steady at around 0.25%.
- Economists largely see another rate hike by the end of the year.
- The BOJ Governor Kazuo Ueda said the central bank would continue to raise interest rates if the economy and inflation stayed in line with the central bank's projection.
- The tightening stance has set the BOJ apart as an outlier at a time when most of the global central banks are shifting toward easing policy.