BOJ raises interest rates to 31-year high in widely expected move
The 7-2 vote marked the first hike in three months and signaled more tightening as inflation stayed near the 2% target.
- On Friday, the BOJ raised its uncollateralized overnight call rate to 1.25% from 1%, concluding its two-day policy board meeting.
- The policy rate reached its highest level in decades, a decision anticipated by all 52 economists surveyed by Bloomberg between Sept. 4 and Sept. 10.
- This move follows Wednesday's decision by the Federal Reserve to raise rates to a range of 3.75% to 4%, with markets appearing relieved the Fed prioritizes inflation control.
- BOJ Ueda is scheduled to hold a news conference later Friday as the bank navigates pressure to stabilize the yen; the decision faced two dovish dissents.
- Saudi Arabia and Iran-backed Houthis exchanged fresh strikes across their border on Thursday near the Red Sea, keeping crude prices above $100 a barrel and up nearly 15% this month.
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(Updated with BoJ Governor's statements) Tokyo, 18 Sep (EFE).- The Bank of Japan (BoJ) decided this Friday to raise to 1.25% short-term reference interest rates, at the end of its monthly meeting on monetary policy, the highest level in almost 31 years in the Asian country. [...] The entry The Bank of Japan raises interest rates to 1.25%, the highest level in almost 31 years was first published in HolaNews.
Il Tempo
Quotidiano NazionaleTokyo, 18 Sep. (askanews) - The Bank of Japan has raised interest rates by a quarter of a point, bringing the reference rate from 1% to 1.25%, the highest level since 1995. The decision of the Central Bank was expected by the marked ones and was voted by majority (7 against 2) in an attempt to counter inflation fueled mainly by the rise in energy prices and the weakness of the yen. An increase that comes after the same monetary policy choices op…
Bank of Japan rate hike exposes cracks in Bessent's facade
TOKYO – Two words sprang to mind when the Bank of Japan lifted its policy rate to a 31-year high of 1.25% on Friday: Scott Bessent. No, the US Treasury secretary didn’t cause the 25-basis-point increase announced by Governor Kazuo Ueda. The BOJ was responding to a far more pressing reality: inflation continues to outpace […]
The Bank of Japan raised its base interest rate by 0.25 percentage points to 1.25% on the 18th. This marks the first rate hike in three months and marks the highest level in 31 years since April 1995. Despite the announcement of the rate hike, the yen-dollar exchange rate rose, indicating continued weakness of the yen. The Bank of Japan [conducted] monetary policy over the past two days starting the previous day
The Bank of Japan raised interest to 1.25%, the highest level in 31 years, to meet the risks of oil inflation and currency weakness, but Ellen continued to retreat amid the division of the Council and the absence of a clear path for future increases.
Japan's central bank today raised its benchmark interest rate to 1.25 percent from 1.0 percent, a 31-year high.
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