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  HOME PAGE 07/05/2024 01:02 
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Japan Keeps Interest Rates Unchanged

26.04.2024 10:57

After unexpected hike in March, Bank of Japan keeps rate constant in April meeting.

The Bank of Japan kept its policy interest rates unchanged on Friday.

The bank has ended a negative rate era in its March meeting, increasing the rate from minus 0.1% to 0.1% after a 17-year period.

After the new decision, the US dollar/Japanese yen exchange rate, which was at 154 level at the beginning of the week, is closing at 157.

The bank stated its confidence to reach its 2% inflation target, with the rate above 2% since April 2022. -



 
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