Bank of Japan raises key interest rate

The central bank said in a statement it had set an interest rate of 0.25 percent, having in March ditched its maverick negative rate policy aimed at boosting economic growth.

AFP

July 31, 2024 / 09:35 IST

Bank of Japan raises key interest rate

The Bank of Japan raised its main interest rate on Wednesday -- only its second rate hike since 2007 -- in another step away from its long-standing ultra-loose monetary policies.

The central bank said in a statement it had set an interest rate of 0.25 percent, having in March ditched its maverick negative rate policy aimed at boosting economic growth.

AFP

first published: Jul 31, 2024 09:35 am

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