Bank of Japan lifts rates to 1.25%, 31-year high
BoJ raised its interest rate to 1.25% on Friday, a 31-year high, in a move described as widely expected to reduce risks of inflation overshooting its 2% target.
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The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs.But the widely expected move failed to prop up the yen, which…
New Delhi, Sept. At a two-day policy meeting that ended on Friday, the board decide…