🔥 BREAKING — Japan’s central bank (BoJ) raises interest rates to the highest level in 31 years 👇🏻
The Bank of Japan (BoJ) raised the interest rate from 1% to 1.25% today, in a decision approved by a majority of 7 to 2, aiming to curb the risk of inflation rising above the Bank’s target of 2%.
📉 The decision caused the yen to fall by about 0.8% against the dollar, while the prices of $BTC
and $ETH
rose by about 1% during today’s trading. $LSK
⚠️ Markets are now waiting for remarks from the BoJ governor to know whether further rate hikes are coming.
The Bank of Japan (BoJ) raised the interest rate from 1% to 1.25% today, in a decision approved by a majority of 7 to 2, aiming to curb the risk of inflation rising above the Bank’s target of 2%.
📉 The decision caused the yen to fall by about 0.8% against the dollar, while the prices of $BTC
and $ETH
rose by about 1% during today’s trading. $LSK
⚠️ Markets are now waiting for remarks from the BoJ governor to know whether further rate hikes are coming.
