[Breaking News] Bank of Japan decides to raise additional interest rate policy interest rate to around 0.25% 2024/7/31 12:59
The Bank of Japan decided on additional interest rate increases at the monetary policy meeting held until the 31st.
The short-term market interest rate, which is the policy target, is currently being encouraged to move from 0% to around 0.1%, but this will be raised to around 0.25%.
Interest rate hikes by the Bank of Japan began in March, when negative interest rates were lifted.
The “additional interest rate hike,” where interest rates are raised again after implementing interest rate hikes, has been around since 2007/2 during the Fukui Governor's time, and it was decided to further normalize monetary policy along with reductions in government bond purchases.
Governor Ueda will explain the purpose of the decision at a press conference starting at 3:30 p.m.
The short-term market interest rate, which is the policy target, is currently being encouraged to move from 0% to around 0.1%, but this will be raised to around 0.25%.
Interest rate hikes by the Bank of Japan began in March, when negative interest rates were lifted.
The “additional interest rate hike,” where interest rates are raised again after implementing interest rate hikes, has been around since 2007/2 during the Fukui Governor's time, and it was decided to further normalize monetary policy along with reductions in government bond purchases.
Governor Ueda will explain the purpose of the decision at a press conference starting at 3:30 p.m.
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