Some in BOJ called for caution in raising rates, Oct minutes show

Quick Summary:

TOKYO : Bank of Japan policymakers agreed in October to keep raising interest rates if the economy moves in line with their forecast, but some stressed the need for caution due to the uncertain outlook, minutes of the meeting showed on Tuesday.

The central bank left interest rates steady at 0.

"We must guide monetary policy cautiously given heightening uncertainty at home and abroad," one member was quoted as saying in explaining why the BOJ should stand pat in October.

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Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Rates Tokyo Bank Continue October Stressed Interest 2024 Meeting Japan Need

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 09:02:56 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 283 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24617177

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