BOJ keeps rates steady; dissent signals potential tightening next year

Quick Summary:

As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rate unchanged at 0.

JST (0630 GMT), for clues on whether the bank could raise rates in January or March.

But the central bank had been guarded about the timing of the next rate hike, causing market expectations of a move to fluctuate between December and January.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaHong KongJapan

Topics: BOJ Bank of Japan Interest rates Fed rate cuts Rate cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 09:40:48 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24543710

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