Just In: Bank of Japan Raises Rates by 25 Bps to 1.25%, Highest Level in Around 31 YearsThe Bank of...

Just In: Bank of Japan Raises Rates by 25 Bps to 1.25%, Highest Level in Around 31 YearsThe Bank of Japan raised its policy rate by 25 basis points from 1.0% to 1.25%, with the decision passing by a 7–2 vote. The BOJ said Japan’s economy is recovering moderately despite some weakness linked to factors including tensions in the Middle East, while underlying inflation is gradually approaching its 2% price stability target. The central bank added that it will continue raising rates and adjust monetary easing if its economic and price outlook is realized.

Source: Wu Blockchain