BoJ sets to raise interest rates by 25 bps next week - Reuters
According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interest rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years.
The Bank of Japan (BoJ) is preparing to increase interest rates by 25 basis points during their meeting on September 18, according to a Reuters report. This move will raise the interest rate to 1.25%, a level not seen in the past 31 years. The BoJ may also signal readiness to accelerate rate hikes, but has no fixed expectation for the terminal rate or subsequent increases.
The Japanese Yen (JPY) was observed trading at 154.40 against the US Dollar during the report's coverage. The BoJ's mission is to issue banknotes and manage currency and monetary policy to ensure price stability, targeting an inflation rate of around 2%. The central bank adopted an ultra-loose monetary policy in 2013 to stimulate the economy and promote inflation in a low-inflationary environment.
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