Skip to content
Cosmopolitan Canada
Business

Bank of Japan hikes interest rates to 30-year-high of 0.75%

By Swedan Margen

Bank of Japan hikes interest rates to 30-year-high of 0.75%

THE Bank of Japan on Friday hiked interest rates to 0.75 per cent, marking the first increase since January and its highest level in 30 years.

The bank decided by a unanimous vote to raise its main rate from 0.5 per cent, it said in a statement. AFP

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Source link

More Business