BOJ keeps rates steady but 3 board members dissent, call for hike
The Bank of Japan maintained its current interest rate, but a significant minority on its board pushed for a hike, highlighting worries about inflation fueled by Middle East tensions. This move, while expected, signals growing unease within the c...
By Reuters |
Reuters
The Bank of Japan kept interest rates steady on Tuesday but three in the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the Middle East conflict.
As widely expected, the central bank left unchanged its short-term policy rate at 0.75% in a two-day meeting that ended on Tuesday. Board members Hajime Takata, Naoki Tamura and Junko Nakagawa dissented to the decision, instead calling for a hike to 1.0%.
BOJ Governor Kazuo Ueda is expected to brief media on the decision at 3:30 p.m. (0630 GMT).
As widely expected, the central bank left unchanged its short-term policy rate at 0.75% in a two-day meeting that ended on Tuesday. Board members Hajime Takata, Naoki Tamura and Junko Nakagawa dissented to the decision, instead calling for a hike to 1.0%.
BOJ Governor Kazuo Ueda is expected to brief media on the decision at 3:30 p.m. (0630 GMT).
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
