BOJ Holds 0.75% Rate, Upgrades Growth Outlook Ahead of Snap Election
TL;DR
The Bank of Japan kept its policy rate at 0.75% and raised its growth forecasts for fiscal 2025 to 0.9% and for 2026 to 1%, after board member Hajime Takata proposed raising rates to 1% (a move that was rejected). The decision comes ahead of a snap election on Feb. 8, with inflation around 2% and a weakening yen amid rising yields, signaling continued steps toward policy normalization amid a mixed growth outlook.
- Bank of Japan raises economic growth forecasts ahead of snap election, holds rates at 0.75% CNBC
- BOJ keeps rates steady, raises growth and inflation forecasts Reuters
- Bank of Japan Keeps Rates at 30-Year High as It Gauges Impact of Last Hike The Wall Street Journal
- Yen Weakens Against Dollar After BOJ Holds Benchmark Rate Bloomberg.com
- Intervention risks to cap USD/JPY upside - Goldman Sachs investingLive
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