Bank of Japan raises interest rate to 1%, highest level in 30 years
3h ago· 1 min readenNews
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Summary
The Bank of Japan has raised its benchmark interest rate to 1%, marking the highest level since 1995. The decision was driven by persistent inflation and the weakness of the Japanese yen, which left policymakers with little room to delay action further.
Key quotes
· 1 pulledInflation and the weak yen forced its hand and made it difficult to wait and see any longer.
Inflation and the weak yen forced its hand and made it difficult to wait and see any longer.
