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Economy And The Numbers

Bank Of Japan Keeps Policy Unchanged; Damps Rate Hike Speculation

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Japan's central bank left its massive monetary policy stimulus unchanged on Friday and policymakers remained dovish even as inflation continued to remain above the target and all major central banks are close to the end of their tightening cycle.

At the end of the two-day meeting on Friday, the policy board of the Bank of Japan, led by Governor Kazuo Ueda, decided to retain a negative interest rate of 0.1 percent on current accounts that financial institutions maintain at the central bank.

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