BoJ holds policy and ups inflation expectations
Japan’s central bank says growth likely to slow then pick up again after tariffs’ effects diminish
The Bank of Japan has left its key policy rate unchanged, in a move that had been widely expected by economists.
In a brief monetary policy statement today (July 31), the central bank said it would encourage Japan’s uncollateralised overnight rate to remain at 0.5%. It said its policy board had reached the decision unanimously.
In an accompanying economic overview, the BoJ said domestic growth was likely to moderate as “trade and other policies” caused slowdowns overseas and a decline in earnings
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