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What will be the Bank of Japan's benchmark interest rate at the end of Q1 2024?
2
Resolution / Starting Odds
Below 0.25% • 25%
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0.26% to 0.50% • 25%
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Official announcements from the Bank of Japan
Story
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.
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