Financial News: Bank Of Japan Hikes Key Rate By 25

Bank Of Japan Hikes Key Rate By 25 Bps

06/16/2026 - 00:06:00 (RTTNews)

(RTTNews) - The Bank of Japan raised its benchmark interest rate by a quarter-point on Tuesday, to its highest level since 1995.

The policy board of BoJ voted 7-1 to raise the interest rate to 1.00 percent from 0.75 percent.

Previously, the bank had lifted the rate in December.

".the Bank judged it appropriate to adjust the degree of monetary accommodation from the perspective of sustainable and stable achievement of the price stability target of 2 percent," the bank said in a statement.

The bank said it will continue to raise the policy interest rate and adjust the degree of monetary accommodation after considering developments in economic activity and prices as well as financial conditions.

The board observed that there is a risk of underlying inflation deviating upward to a level above the target of 2 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Thirty-Year Bond Auction Attracts Average Demand (02 hr(s), 24 min(s), 25 sec(s) ago)
(RTTNews) - The Treasury Department finished off this week's series of announcements of the re ...Full Story»

U.S. Producer Prices Unexpectedly Flat In July, Annual Growth Slows To 4.7% (05 hr(s), 20 min(s), 25 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Jobless Claims Climb More Than Expected To 209,000 (05 hr(s), 46 min(s), 25 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits climbed by more than expected in the ...Full Story»

Turkey Current Account Gap Widens In June (06 hr(s), 37 min(s), 25 sec(s) ago)
(RTTNews) - Turkey's current account deficit increased in June from the previous year, accordi ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In July (06 hr(s), 55 min(s), 25 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U. ...Full Story»

U.S. Weekly Jobless Claims Climb More Than Expected (06 hr(s), 58 min(s), 25 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits climbed by more than expected in the ...Full Story»

Croatia Producer Price Inflation Eases To 4.9% (08 hr(s), 06 min(s), 25 sec(s) ago)
(RTTNews) - Croatia's producer price inflation eased for the second straight month in July, fi ...Full Story»

Norway Keeps Key Interest Rate Unchanged (08 hr(s), 30 min(s), 25 sec(s) ago)
(RTTNews) - Norges Bank left its key interest rate unchanged on Thursday but kept the door open fo ...Full Story»