BOJ holds rates at 1.25% by 8-1 vote, says 2% price target effectively reached

The Bank of Japan kept its policy rate unchanged at 1.25% by an 8-1 vote, the highest since 1995, judging that underlying inflation has reached its 2% target for the first time since the target was introduced in 2013, while leaving the door open for a rate hike in December. The BOJ also accelerated its ETF sales, which at the current pace would take about 43 years to complete.

Detected & updated continuously · Source: Nebula