Oddbean

Bank of Japan leaves key interest rate unchanged ========== The Bank of Japan (BoJ) left interest rates unchanged at 0.25 percent on September 20, 2024; this decision follows a rate hike in July that caused market turmoil; inflation in Japan rose to 2.8 percent in August; UBS economists Masamichi Adachi and Go Kurihara stated there is no reason for further rate increases; the BoJ raised rates in March and July 2024, surprising investors; the yen had previously hit a four-decade low against the dollar; 70% of economists surveyed by Bloomberg expect another rate increase by December; Capital Economics predicts a hike in October; Moody's Stefan Angrick cautioned that rate hikes could negatively impact growth. #BankOfJapan #InterestRates #Inflation #Economy #Yen #Ubs #Bloomberg #CapitalEconomics #Moody's #FinancialMarkets https://www.legit.ng/business-economy/economy/1614829-bank-japan-leaves-key-interest-rate-unchanged/