BoJ holds rates and halves growth forecast
Three dissenting votes mark largest split under Ueda, who points to ‘significantly’ higher inflation
The Bank of Japan has left interest rates unchanged in a 6–3 vote, as it halved its growth forecast and as its governor said inflation would be “significantly” higher than the bank’s previous estimates.
The BoJ’s monetary policy board today (April 28) voted to keep rates at 0.75% for the third time in a row following a two-day meeting, a decision that was in line with the expectations of analysts polled by Reuters and Bloomberg. Members voting against the decision had proposed that the bank
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