BOJ keeps interest rates steady, sticks to upbeat economic view
Tweet
Share
E-mail
FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) - The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.
In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.
BOJ Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision.
The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25% in July on the view that the likelihood of inflation sustainably hitting its 2% target was heightening.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US, Iran keep up hostile rhetoric ahead of new sanctions
- Judge narrows Ben & Jerry's lawsuit accusing Unilever of silencing social activism
- US Treasury Secretary Bessent to hold press conference on Monday
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
