Bank of Japan Rates Steady

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interest rates

CNBC

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Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy

Summary

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85% Informative

The Bank of Japan kept its benchmark interest rate steady at around 0.25% — the highest rate since 2008 — at the conclusion of a two-day meeting Friday .

While the decision is in line with the Reuters poll estimates, economists largely see another rate hike by end of the year.

Decision came as the BOJ treads cautiously with the task of normalizing monetary policy after a long-held ultra-easy approach.

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formal

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English

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