BOJ keeps rates steady at 0.75 percent amid oil risks
The Bank of Japan kept rates at 0.75 percent on Thursday. Officials warned that Middle East tensions could drive up oil costs and fuel underlying inflation.
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The central bank of Japan maintained its short-term interest rate at 0.75% on Thursday, cautioning that rising oil prices fueled by the Middle East conflict could impact underlying inflation. The decision, which was largely expected by market participants, reflects a strategic pause as the central bank assesses the stability of the global economy.
