BoJ Expected to Raise Rate to 1.0% in June, Nikkei Reports
The Bank of Japan is widely expected to raise its short-term policy rate from 0.75% to 1.0% at its June 15–16 meeting, according to a Nikkei report.
The Bank of Japan (BoJ) is widely expected to hike its short-term policy interest rate to 1.0% at the upcoming monetary policy meeting on June 15–16, Nikkei reported.
The move would mark a 25-basis-point increase from the current 0.75% level. No further details on the reasoning or consensus were provided in the initial report.
The decision, if confirmed, would align with market expectations of gradual normalization by the BoJ.
Source: FXStreet Forex News