UPDATE 3-BOJ keeps rates steady, hawkish board member dissents

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The Star 3h ago

UPDATE 3-BOJ keeps rates steady, hawkish board member dissents - The Star

Quick Summary:

TOKYO: The Bank of Japan kept interest rates unchanged on Thursday but one dissenting board member's proposal to push up borrowing costs showed the bank remains on track to tighten policy early next year.

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.

Federal Reserve cut interest rates but signalled a more cautious path of easing next year, sending global stocks sharply lower.