Bank of Japan hikes key rate by 15 bps to 0.25% - Breaking The News

Bank of Japan hikes key rate by 15 bps to 0.25%

31 July

1 min read

EPA-EFE/FRANCK ROBICHON

The Bank of Japan (BoJ) decided on Wednesday to raise its short-term interest rate target by 15 basis points to a range of 0.15% to 0.25%.

The news comes as analysts anticipated that the BoJ would keep the rate in its previous range of 0% to 0.1%.

The central bank also said it will reduce its bond purchases to ¥3 trillion starting from 2026, cutting monthly bond buying by ¥400 billion each quarter. It noted that the bond tapering plan received unanimous support among members and that it will be reviewed in June next year.

interest rates interest rate boj

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