BOJ keeps rates steady, signals further rate hikes
The Bank of Japan maintained its interest rates at one percent on Friday. This decision came after a two-day meeting concluded by the central bank. One board member voted for a higher rate, seeking a 1.25 percent increase. Governor Kazuo Ueda w...
By Reuters |
Reuters
The Bank of Japan kept interest rates steady on Friday but stressed anew its readiness to continue pushing up borrowing costs to forestall mounting inflation risks.
At a two-day meeting that ended on Friday, the central bank decided to maintain its short-term policy target at 1% by an 8-1 vote. Board member Hajime Takata dissented to the decision, instead calling for a 1.25% hike.
Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
At a two-day meeting that ended on Friday, the central bank decided to maintain its short-term policy target at 1% by an 8-1 vote. Board member Hajime Takata dissented to the decision, instead calling for a 1.25% hike.
Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
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