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Bank Of Japan Raises Rates For First Time In 17 Years

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024 lt

The Bank of Japan raised its interest rates for the first time in nearly two decades and became the world's last central bank to end negative rates amid signs that inflation is strengthening.

The BoJ Policy Board, led by Governor Kazuo Ueda, decided in a 7-2 vote to raise the overnight interest rate around 0 to 0.1 percent from minus 0.1 percent.

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Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
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