BoJ Expected to Keep Rates at 1% in July, Kyodo Reports
According to a Kyodo News report, the Bank of Japan is expected to maintain its key interest rate at 1% during its July policy meeting. The central bank may also raise its growth forecast.
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The Bank of Japan (BoJ) is likely to leave its key interest rate unchanged at 1% at the July policy meeting, according to a Kyodo News report citing people familiar with the matter.
The report also indicates the central bank may revise its growth forecast upward. No further details on the forecast adjustment were provided in the initial report.
The decision would come amid ongoing inflation and economic recovery considerations, with markets closely watching for any shift in Japan's monetary policy stance.
Source: FXStreet Forex News