Bank of Japan raises interest rates by 25 basis points. Bitcoin tops $77,000
The yen declined and BTC rose after the BOJ hiked rates to the highest level in 31 years.
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points on Friday, lifting it to 1.25%, the highest level in 31 years, as it battles sticky inflation and a chronically weak yen.
The BOJ said it acted because of risks that inflation would move above its 2% target, driven by rising import costs and energy prices.
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The yen declined and BTC rose after the BOJ hiked rates to the highest level in 31 years.
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points on Friday, lifting it to 1.25%, the highest level in 31 years, as it battles sticky inflation and a chronically weak yen.
The BOJ said it acted because of risks that inflation would move above its 2% target, driven by rising import costs and energy prices.
#HKMAPlansWholesaleCBDCByYearEnd