Bank of Japan hikes policy rates by 25 basis points to highest in 17 years
- Posted on January 24, 2025
- By Business News Today
- 5 Views
Bank of Japan hikes policy rates by 25 basis points to highest in 17 years
The Bank of Japan raised its interest rates to 0.5%, the highest level since the 2008 financial crisis, demonstrating confidence in stable inflation around the 2% target. The central bank's decision follows rising wages and aims to gradually increase rates to around 1%, amidst stable financial markets.
