BOJ keeps interest rates steady as Trump risks loom

Quick Summary:

TOKYO: The Bank of Japan kept interest rates unchanged on Wednesday, as policymakers chose to spend more time gauging how prospects of higher U.S.tariffs would affect the export-reliant economy.

The Organisation for Economic Cooperation and Development (OECD) on Monday projected global growth to slow slightly from 3.2% in 2024 to 3.1% in 2025 and 3.0% in 2026, due largely to the drag from Trump's tariff hikes.

The BOJ will take into account such data in a quarterly review of its growth and price forecasts at a subsequent policy meeting on April 30-May 1, which will be crucial to the timing and pace of further rate hikes.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapanUnited States

Topics: Bank of Japan Interest rate Inflation Tariffs Currency Yen Markets /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 11:16:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 27163856

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