BOJ keeps rates steady, cuts growth forecasts

April 30, 2025 11:14 PM EDT

A passerby walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2025. REUTERS/Issei Kato

TOKYO (Reuters) -The Bank of Japan kept interest rates steady and slashed its growth forecasts on Thursday, as the hit to global demand from higher U.S. tariffs cloud the outlook for the country's fragile economic recovery.

As widely expected, the board decided to keep the BOJ's short-term policy rate unchanged at 0.5% by a unanimous vote.

BOJ Governor Kazuo Ueda is expected to hold a press conference at 3:30 p.m. (0630 GMT) to explain the policy decision.

(Reporting by Leika Kihara, Makiko YamazakiEditing by Chang-Ran Kim)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters