Bank of Japan raises interest rates by 25 basis points to the highest level since 1995, marking the shortest interval between hikes since 1990.
Macro & Markets ·
The Bank of Japan raised its policy rate by 25 basis points to 1.25%, the highest level since 1995, citing elevated inflation. This rate increase marked the shortest interval between hikes in Japan since 1990, following a previous increase in June. The move reflects continued monetary tightening as central banks globally advance their rate hike cycles.