Financial News: Amended: Japan Keeps Rate Unchanged; Plans To Slow

Amended: Japan Keeps Rate Unchanged; Plans To Slow Cut To Bond Purchases

06/17/2025 - 03:19:00 (RTTNews)

(RTTNews) - Corrects headline and first paragraph

The Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year.

The policy board of the BoJ unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. The decision came in line with expectations.

Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January.

By an 8-1 majority vote, the board also decided to cut the amount of its monthly outright purchases of JGBs so that it will be about JPY 2 trillion in January-March 2027.

The amount will be cut by around JPY 400 billion each calendar year until January-March 2026, and by about JPY 200 billion each calendar quarter from April-June 2026.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Retail Sales Fall More Than Expected In May (22 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Tuesday showing U.S. retail sales decreas ...Full Story»

Riksbank To Cut Policy Rate Twice This Year To 1.75%, Swedish Think Tank NIER Says (32 min(s), 21 sec(s) ago)
(RTTNews) - Sweden's central bank is set to lower interest rates twice this year due to the ec ...Full Story»

German Economic Sentiment Strengthens In June (01 hr(s), 47 min(s), 21 sec(s) ago)
(RTTNews) - Investor confidence in Germany improved more than expected in June underpinned by risi ...Full Story»

Hungary Wage Growth Accelerates To 9.8% (02 hr(s), 04 min(s), 21 sec(s) ago)
(RTTNews) - Hungary's average gross earnings growth accelerated for the first time in six mont ...Full Story»

Irish Trade Surplus Grows In April (02 hr(s), 26 min(s), 21 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus increased in April from a year ago as exports rose ...Full Story»

Hong Kong Jobless Rate Rises To 3.5% (03 hr(s), 51 min(s), 21 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate increased in the March-May period, labor force stati ...Full Story»

Japan Holds Rate As Expected; Set To Slow Bond Purchases (04 hr(s), 34 min(s), 21 sec(s) ago)
(RTTNews) - The Bank of Japan decided to maintain its interest rate and to reduce the pace of the ...Full Story»

Sweden Jobless Rate Rises To 9.7% (05 hr(s), 25 min(s), 21 sec(s) ago)
(RTTNews) - Sweden's jobless rate increased further in May to the highest level in four months ...Full Story»