BOJ Raises Policy Rate for the First Time in Over a Decade

Thursday, 21 March 2024, 05:45

The Bank of Japan's decision to increase its policy rate for the first time since 2007 by 10 basis points marks a significant shift in monetary policy. This move signals the beginning of the end of a 14-year era of negative interest rates in Japan. The decision reflects the BOJ's confidence in the economy and its efforts to address concerns over prolonged ultra-low interest rates. Overall, this development could have far-reaching implications for the Japanese and global financial markets.

https://store.livarava.com/b20c4dd4-e747-11ee-968f-5254a2021b2b.jpe — BOJ Raises Policy Rate for the First Time in Over a Decade

Bank of Japan Raises Policy Rate

On Tuesday, March 19, the Bank of Japan (BOJ) increased their policy rate for the first time in 14 years by 10 basis points to a range of 0 to 0.1%.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Bank of Japan Raises Policy Rate

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