BOJ holds interest rates, flags steady growth in inflation
Investing.com-- The Bank of Japan left interest rates unchanged as widely expected on Friday, and said that it continued to expect outsized growth in the Japanese economy amid a steady uptick in inflation.The decision was in line with market forecasts, with the BOJ expected to adopt a wait-and-see approach after raising interest rates twice so far this year.
But the central bank still flagged “high uncertainties” over Japanese economic activity and prices, and said that volatility in foreign exchange markets was likely to affect local prices more than seen in the past.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY depreciates to near 156.00 as BoJ holds hawkish stanceEUR/JPY edges lower to near 156.20 during Friday’s Asian session, continuing to receive support from the Bank of Japan's (BoJ) hawkish signals.
Read more »
Japanese Yen holds gains ahead of the BoJ interest rate decisionThe Japanese Yen (JPY) edges lower against the US Dollar (USD) following the National Consumer Price Index (CPI) data released on Friday.
Read more »
BOJ keeps interest rates steady, sticks to upbeat economic viewBOJ keeps interest rates steady, sticks to upbeat economic view
Read more »
Japan's PM hopeful Takaichi urges BOJ to avoid raising ratesJapan's PM hopeful Takaichi urges BOJ to avoid raising rates
Read more »
BOJ's Himino reiterates readiness to raise rates if economy on trackBOJ's Himino reiterates readiness to raise rates if economy on track
Read more »
Fitch expects BoJ interest rate at 0.75% by 2025Fitch Ratings said in its latest report on the Bank of Japan’s (BoJ) policy outlook that the “BoJ could hike rates to 0.5% by the end of 2024, 0.75% in 2025 and 1% by end-2026.” Additional takeaways BoJ is bucking the global trend of policy easing and hiked rates more aggressively than we had anticipated in July.
Read more »