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SOME BANK OF JAPAN MEMBERS CALL FOR FASTER RATE HIKES

  • NEWS Desk Global
  • Jun 24
  • 1 min read

Bank of Japan policymakers debated mounting inflation risks, with some calling for faster interest rate increases to raise borrowing costs nearer ‌levels deemed neutral to the economy, a summary of the latest policy review showed on Wednesday.

At the June 15 to 16 meeting, the BOJ raised rates to a 31-year high of 1% in a landmark step in its policy normalisation, signalling readiness to tighten further as it focuses on taming price pressures from the Iran-war-induced energy shock.

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