BOJ debated further rate hikes in July, one saw neutral rate at 1%, summary shows

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TOKYO : Some Bank of Japan board members called for the need to keep raising interest rates with one saying they should eventually be increased to at least around 1 per cent, a summary of opinions voiced at the bank's July policy meeting showed on Thursday.

FILE PHOTO: A man walks past the Bank of Japan building in Tokyo, Japan March 18, 2024.

The BOJ does not issue an official estimate of the neutral rate, though analysts see it at anywhere between 1 per cent and 1.5 per cent.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Rate Interest Continue Policy July Showed Japan Rates Summary Bank Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 08:23:36 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 317 words

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