๐ฏ๐ต BOJ Raises Rates to a 31-Year High
The Bank of Japan (BOJ) has raised its policy rate from 1.00% to 1.25%, marking the highest level in 31 years.
The decision passed by a 7โ2 vote, as the central bank continues to respond to persistent inflation pressures and rising price risks.
๐ What Markets Are Watching: All eyes are now on BOJ Governor Kazuo Uedaโs guidance for clues about the pace and timing of future rate hikes.
Higher Japanese rates could also influence the yen, global liquidity, bond yields, and risk assets, including crypto.
#Japan #InterestRates #Inflation
#Bitcoin #BinanceSquare
The Bank of Japan (BOJ) has raised its policy rate from 1.00% to 1.25%, marking the highest level in 31 years.
The decision passed by a 7โ2 vote, as the central bank continues to respond to persistent inflation pressures and rising price risks.
๐ What Markets Are Watching: All eyes are now on BOJ Governor Kazuo Uedaโs guidance for clues about the pace and timing of future rate hikes.
Higher Japanese rates could also influence the yen, global liquidity, bond yields, and risk assets, including crypto.
#Japan #InterestRates #Inflation
#Bitcoin #BinanceSquare
