|
BoJ holds interest rates unchanged
AI Summary
- BoJ's Monetary Policy Committee decided to keep interest rates unchanged at 0.50%, in line with market expectations
- Seven members voted to leave the short-term interest rate unchanged, while two members voted for a 25-basis-point hike
- This decision is seen as "positive" for the Japanese yen
At the conclusion of its September 18–19 meeting, the Bank of Japan’s Monetary Policy Committee decided on Thursday morning to keep interest rates unchanged at 0.50%, the highest level since 2008, in line with most global market expectations. This marks the fifth consecutive meeting with no policy change.
The vote result showed seven members in favor of leaving the short-term interest rate unchanged, versus two members who voted for a 25-basis-point hike.
•This vote is “positive” for the Japanese yen.
Thanks for your feedback.
Ethereum returns higher on renewed risk appetite after the Fed's decision
Most cryptocurrencies rose on Thursday amid a rebound in risk appetite following the Federal Reserve’s monetary policy decision.
MoreWho's actually controlling electricity prices in the US?
When we see prices rising and falling at gas stations, we usually have a rough idea of what’s behind those changes. They’re often tied to movements in oil prices, or sometimes to refinery problems that push gasoline prices higher even when oil prices are stable. In any case, people usually blame the oil companies.
MoreCopper extends losses on Chinese oversupply
Copper prices fell during Thursday’s trading, extending the losses that began in the Shanghai Futures Exchange where they recorded their lowest levels in more than a week, amid increased supply from China, the world’s largest consumer of copper.
More