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Bank of Japan raises interest rates to 31-year high to curb inflation
- 📣announcement
Bank of Japan increases interest rates to 1.25%
The Bank of Japan officially raised its benchmark interest rate to 1.25%, reaching a new 31-year peak to combat rising domestic prices. Monetary policymakers flagged ongoing concerns regarding inflation during their statement, prompting an expected dip in the Japanese Yen following the decision.
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