Bank of Japan Maintains Short-Term Policy Rate at 31-Year High
The Bank of Japan (BoJ) decided to keep its short-term policy rate unchanged at 1.25% during its October meeting. The decision was reached via an 8-1 vote, aligning with market expectations following previous interest rate hikes in June and September. This current rate level represents the highest benchmark for Japanese monetary policy since April 1995. Despite holding steady this month, the central bank reaffirmed its commitment to a trajectory of future rate increases.
Topics: Bank of Japan Central Bank Interest Rates
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Part of the story Bank of Japan Maintains Interest Rates at 1.25% as Inflation Hits 2% Target (7 articles)