Bank of Japan holds at 1.25% but says inflation has reached its 2% target
One board member voted for a rise on 30 October, and most economists expect the Bank to raise rates in December.
2 min read
The Bank of Japan (BOJ) kept its short-term policy rate at 1.25% on Friday 30 October. It also said that underlying inflation is now broadly consistent with its 2% target, which most economists read as a sign that it will raise rates again soon.
How this story was sourced.
3 sources from 3 organisations.
News organisations 3
Reports by other newsrooms. Where a story was carried by another outlet, both are named.
- Reuters via Yahoo Finance BOJ declares victory in hitting price target, signals near-term hikes finance.yahoo.com
- CNBC BOJ holds rates as underlying inflation aligns with 2% target for first time since 2013 cnbc.com
- Yahoo Finance Bank of Japan holds rates, closing a week where every dissent called for a hike finance.yahoo.com
The sources as the story lists them
The story so far. More on Central banks and Japan.
- Bank of England raises interest rates to 4% as energy prices push inflation higher The Bank's first rate rise since 2023 was backed by all nine policymakers on 5 November, and one wanted a bigger increase. Staff expect inflation to reach about 5% by the middle of next year.
- ECB holds rates as Lagarde says she will step down nine months early The European Central Bank kept its deposit rate at 2.5% on 29 October, the same day its president said she would leave on 7 February. A week later, euro zone inflation reached 4%.
- Fed holds rates at 3.75%–4% as two policymakers vote for a rise Governor Lisa Cook and Cleveland Fed President Beth Hammack wanted a quarter-point increase on 28 October. Figures published the next day showed the economy grew at a 3.4% annual rate in the third quarter.
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