The Bank of Japan maintained its benchmark rate on Friday after two hikes this year and signalled that the policy normalization will continue but the further action will be data dependent. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
Read Full Story
Latest posts by Top News Editor (see all)
- Antipodean Currencies Rise As Asian Markets Traded Higher - October 10, 2024
- European Economic News Preview: ECB Minutes Due - October 10, 2024
- Fed Minutes Show ‘Substantial Majority’ Of Policymakers Favored Rate Cut In September - October 9, 2024
