Japan, Base interest rate frozen at 0.5%… Third consecutive freeze decision

The Bank Of Japan Stops Interest Rate Hike Policy (Source: Kaohoon International)

The Bank of Japan decided to keep the benchmark interest rate at the current annual rate of 0.5% on the 17th. This result is in line with market expectations and marks the third consecutive freeze since the 0.25 percentage point rate increase in January.

This decision is interpreted as reflecting the recent slowdown in Japan's economic growth rate, the expansion of global geopolitical risks, and the stability of the inflation rate. The Bank of Japan is expected to maintain a moderate tightening stance for the time being and observe the overall economic response.