Bank of Japan to leave interest rates steady at 1.25%
The Bank of Japan (BoJ) is set to announce its monetary policy decision on Friday at around 02:30 GMT.
The Bank of Japan (BoJ) maintains its monetary policy stance, leaving interest rates unchanged at 1.25% following a 25 basis point increase in the previous meeting. This decision comes after two rate hikes totaling one-quarter of a percentage point this year. Financial markets expect the BoJ to keep interest rates steady, with no economists surveyed by Bloomberg anticipating a rate hike on Friday.
The BoJ Governor Kazuo Ueda's comments emphasize the need to anchor core inflation near the 2% target and express concerns about energy-driven inflation. The central bank remains committed to a gradual normalization path, with future rate hikes contingent on factors such as FX, AI demand, and Middle East developments.
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