BOJ keeps interest rates steady, signals further rate hikes
TLT•The Bank of Japan held its short-term policy target at 1.25% in an 8-1 vote, revised up its inflation forecast and reiterated it was ready to raise borrowing costs further.
1. Policy decision
The Bank of Japan kept its short-term policy target at 1.25% at the end of a two-day meeting, with one board member dissenting. Hajime Takata called instead for a 1.5% rate. The central bank revised up its inflation forecast and stressed its readiness to continue raising borrowing costs to forestall inflation risks.
