Bank of Japan raises policy rate to 1.25%, highest since 1995

Money & Policy/Bank of Japan/
Bank of Japan raises policy rate to 1.25%, highest since 1995
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The Bank of Japan voted 7-2 to raise its overnight call rate target to around 1.25 percent, the highest since 1995. The deposit facility rate moves to 1.25 percent and the basic loan rate to 1.5 percent, both effective September 24. The board flagged a risk that underlying inflation overshoots its 2 percent goal and signalled it will keep lifting rates.

3 sources

  1. 01CNBC — Bank of Japan raises interest rates to 31-year high, flags concerns over inflationcnbc.com
  2. 02Al Jazeera — Bank of Japan raises rates to 31-year high of 1.25% as inflation risesaljazeera.com
  3. 03Euronews — Japan's central bank raises benchmark interest rate to 1.25%euronews.com