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BOJ holds rates at 1%, warns of underlying inflation exceeding 2% target
The 8-1 decision keeps borrowing costs at 1% as board members warn weak yen-driven price pressures could push inflation above target.
Summary by Ground News
14 Articles
14 Articles
The slow pace of the Bank of Japan's interest rate hikes is seen as the main reason for the current weakness of the yen. Nevertheless, it remains the key rate at its current level.
·Düsseldorf, Germany
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Investors react to BOJ's decision to hold rates
July 31 : The Bank of Japan kept its interest rates steady on Friday, while reiterating its willingness to raise borrowing costs further if inflation risks increase. At the end of its two-day policy meeting, the central bank voted 8-1 to keep its short-term policy rate at 1 per cent. Board member Hajime Takat
·Singapore, Singapore
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
Factuality
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