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TechFlow news, according to Jinshi Data, the Bank of Japan has raised its benchmark interest rate from -0.1% to a range of 0-0.1%, in line with market expectations. This marks the first rate hike since 2007, officially ending an eight-year era of negative interest rates.
Previous report: Nikkei: The Bank of Japan will see its first rate hike in seventeen years and end its Yield Curve Control (YCC) policy.
According to Jinshi Data, the Bank of Japan raised its benchmark interest rate from -0.1% to a range of 0-0.1%, in line with market expectations, marking the first rate hike since 2007 and officially ending an eight-year era of negative interest rates. Earlier reports from Nikkei indicated that the Bank of Japan would deliver its first rate increase in seventeen years and end its Yield Curve Control (YCC) policy.
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