# BOJ keeps interest rates steady, sticks to upbeat economic view
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-09-20
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Bank of Japan Keeps Interest Rates Steady, Predicts Moderate Economic Recovery
Meta Description: Stay updated on BOJ's latest move to maintain 0.25% interest rate target for a sustained economic revival. Details by Governor Kazuo Ueda at news conference.
URL: https://startupobserver.com/boj-keeps-interest-rates-steady-sticks-to-upbeat-economic-view/

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TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.

In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.

BOJ Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision.

The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25% in July on the view that the likelihood of inflation sustainably hitting its 2% target was heightening.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)


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