Bank of Japan Holds Interest Rate at 0.50% in July as Expected
The Bank of Japan (BoJ) board members decided to maintain the short-term interest rate target in the range of 0.40%- 0.50%, following the conclusion of the two-day monetary policy review meeting on Thursday.
Such a decision was widely anticipated.
The Japanese central bank extended the pause into the fourth consecutive meeting after having hiked the interest rate by 25 basis points (bps) to 0.50% in January.
Source : FXStreet