Bank of Japan raises rates to 30-year high, signals more hikes

Bank of Japan raises rates to 30-year high, signals more hikes

The Bank of Japan (BOJ) on Friday raised interest rates to their highest level in three decades and signalled further increases ahead, marking another decisive step away from decades of ultra-loose monetary policy, reports Reuters. In a widely anticipated move, the central bank lifted its short-term policy rate to 0.75% from 0.5%—the first increase since January—by a unanimous vote. The...

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