Instant view: Investors react to BOJ's interest rate hike

Quick Summary:

The Bank of Japan said on Wednesday it is raising its short-term interest rate to 0.25 per cent and will gradually reduce the amount of bonds it is buying under its quantitative easing programme.

"Yes, the BOJ hiked more aggressively the 10bp expected, but they fell short on their 'detailed plan' of tapering.

Barring major disruptions, the BOJ is on course to tighten further, with another interest hile by the start of next year".

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Policy Bonds Japan Amount Interest Bank Meeting Gains Fell Raising Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 12:26:46 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 21866878

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 72 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 57 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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