MNI BRIEF: BOJ Holds Rate At 0.50%, Keeps Rate Hike Stance
May-01 03:21By: Hiroshi Inoue
Bank of Japan+ 1
The Bank of Japan board decided unanimously to keep the policy interest rate at 0.50% amid high uncertainties over the outlook for the economy and inflation.
The board's decision was largely anticipated. (See MNI BOJ WATCH: Board Likely To Hold As Fed, Tariffs Weigh)
However, the bank maintained its stance of gradually raising the interest rate if underlying CPI inflation converges toward the bank’s 2% price target as projected as real interest rates remain at low levels.
The policymakers will carefully monitor how the economy and inflation hit by U.S. trade policies and volatile financial markets have been evolving to examine the degree of downside risk to economy for the time being.
The next meeting is scheduled for June 16-17.
