Bank of Japan Keeps Interest Rate Unchanged at 0.25%, Highest Since 2008

Sep 20, 2024, 02:59 AM

The Bank of Japan (BOJ) has decided to keep its benchmark interest rate unchanged at 0.25%, following a two-day monetary policy meeting. The decision was made with a unanimous 9-0 vote. This move aligns with market expectations and reflects the central bank's cautious approach towards normalizing monetary policy. The BOJ maintained its view that the economy is on track for a moderate recovery and will continue to monitor financial market volatility and its effects on the economy and prices. The current rate is the highest since 2008.