The Bank of Japan has raised short-term interest rates to “around 0.5 per cent” in a well-signalled move that extends the country’s monetary policy “normalisation”.
The central bank’s decision by a vote of 8-1 to increase rates from 0.25 per cent lifted the policy rate to its highest level in 17 years and followed weeks of speculation over whether governor Kazuo Ueda would delay the move until there was stronger evidence of rising Japanese wages and sustainable inflation.
The yen, which had been edging higher against the dollar in the weeks running up to the BoJ’s meeting, was flat on Friday, but traders said they were “ready for anything” when Ueda delivers his press conference in the afternoon.
您已阅读58%（703字），剩余42%（514字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。