Bank of Japan keeps policy rate steady while raising inflation forecast on Iran war worries
- Posted on April 28, 2026
- By CNBC
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- 1 min read
Japan's central bank maintains its current monetary policy stance through a narrow 6-3 vote, defying expectations for rate adjustments. Despite holding borrowing costs unchanged, officials significantly elevated their inflation projections, citing escalating geopolitical tensions in the Middle East as a primary concern. The cautious approach reflects uncertainty about global economic impacts while acknowledging rising price pressures that could influence future policy decisions.
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