Financial News: Bank Of Japan Keeps Policy Rate Unchanged

Bank Of Japan Keeps Policy Rate Unchanged

12/18/2024 - 23:17:00 (RTTNews)

(RTTNews) - The Bank of Japan left its key interest rates unchanged on Thursday as policymakers were concerned about risks related to economic activity and prices.

At the policy board meeting, members voted 8-1 to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.

The BoJ had ended its negative interest rate policy in March and last lifted the interest rate in July to 0.25 percent. So far the BoJ has tightened the policy twice this year.

The board said it is necessary to pay due attention to developments in financial and foreign exchange markets and their impact on Japan's economic activity and prices.

"In particular, with firms' behavior shifting more toward raising wages and prices recently, exchange rate developments are, compared to the past, more likely to affect price," the bank said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January (11 hr(s), 42 min(s), 09 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Eurozone Private Sector Grows In January (12 hr(s), 07 min(s), 09 sec(s) ago)
(RTTNews) - Euro area private sector returned to growth in January as the contraction in manufactu ...Full Story»

U.S. Existing Home Sales Jump Much More Than Expected In December (12 hr(s), 17 min(s), 09 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Friday showed existing ho ...Full Story»

Slovenia Consumer Confidence Weakens Slightly (13 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - Slovenian consumers remained slightly more pessimistic at the start of the year, figur ...Full Story»

Hungary Jobless Rate Falls To 4.4% (13 hr(s), 58 min(s), 09 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased during the October-December period, data fro ...Full Story»

Taiwan Q4 GDP Growth Eases To 1.84% (14 hr(s), 27 min(s), 09 sec(s) ago)
(RTTNews) - Taiwan's economy continued to expand in the final quarter of 2024, though at the ...Full Story»

UK Private Sector Logs Further Marginal Expansion (14 hr(s), 54 min(s), 09 sec(s) ago)
(RTTNews) - The UK private sector activity expanded at the fastest pace in three months in January ...Full Story»

Spain Producer Prices Rise 2.3% In December (16 hr(s), 02 min(s), 09 sec(s) ago)
(RTTNews) - Spain's producer prices increased for the second straight month in December amid a ...Full Story»