BoJ Holds at 1.25% as Underlying Inflation Reaches Target, Further Hikes Ahead

The Bank of Japan kept its policy rate unchanged at 1.25% by an 8–1 vote, with board member Hajime Takata dissenting in favour of an increase to 1.50%. Takata argued that underlying CPI inflation had reached the 2% price stability target and that the BoJ had entered a phase requiring faster adjustment of interest rates […] The post BoJ Holds at 1.25% as Underlying Inflation Reaches Target, Further Hikes Ahead appeared first on ActionForex.