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BOJ raises policy rate to 0.5%, highest since 2008 amid sustained inflation & rising wages

Business

Evgeny Gromov

  • The Bank of Japan ((BoJ)) has raised its key short-term interest rate by 25 basis points to 0.5%, in line with market consensus, and marking the highest level since 2008 and the third rate hike since the central bank ended negative interest rates in March 2024.

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