Bank of Japan ends the world's only negative rates regime in a historic move, abandons yield curve control
Publishing timestamp: 2024-03-19 04:28:08
Summary
BOJ raised short-term interest rates, ending negative rates regime and other unconventional policy easing measures. The move sparked a sell-off in the yen and a rise in the Nikkei stock index. BOJ Governor Kazuo Ueda stated that the likelihood of inflation achieving the target has increased, but the bank is not planning aggressive rate hikes. The bank will continue to maintain accommodative financial conditions.
Sentiment: MIXED
Keywords: business news, usd/jpy, world economy, asia economy, breaking news: asia, prices, central banking, japanese yen, bonds, economic events, nikkei 225 index, japan,
Source: https://www.cnbc.com/2024/03/19/bank-of-japan-boj-march-2024-policy-decision-mpm-meeting.html