Bank of Japan Maintains Policy Rate Amid Inflation Forecast Adjustments Due to Iran War Concerns
The Bank of Japan (BOJ) kept its policy rate at 0.75%, but raised its core inflation forecast to 2.8% from 1.9% amid concerns over the Iran war. The central bank also cut its growth forecast for fiscal year 2026 to 0.5% from 1%. The decision was made in a 6-3 split vote.
Topics: BOJ central bank policy economic growth inflation Japan yen