Bank of Japan holds rate at 1.25%, raises ETF sales target
Briefing by News4U · First published
Sina Finance reported that on 30 October the Bank of Japan kept its overnight call rate at 1.25%, approved by an 8-1 vote, and stated that core inflation has reached its 2% target. The bank narrowed its fiscal-2027 core CPI forecast to 2.4-2.5% and raised its growth outlook to 0.7-0.8%. It also announced that from January 2027 it will increase annual ETF sales to 860 billion yen from the previous 330 billion yen plan. After the decision the yen strengthened 0.2% against the dollar and the Nikkei 225 fell 2.3%. [1]
Sources
- 日本央行维持利率在1.25%不变，称基础通胀已达到2%目标
Sina Finance · · Full text