Market News

    Bank of Japan hikes interest rates by 25 bps as expected; trims bond purchases

    The Bank of Japan raised interest rates by 25 basis points as expected on Tuesday, with the central bank stating that it will continue to tighten policy in the face of sticky inflation. 

    The BOJ also outlined plans to reduce its pace of monthly bond purchases in the coming quarters as part of a continued tightening in monetary conditions.

     

    Source : Investing.com