BOJ keeps rates steady, cuts growth forecasts on US tariffs hit

Quick Summary:

As widely expected, the BOJ kept short-term interest rates steady at 0.5% by a unanimous vote.

Rising trade tensions from US President Donald Trump’s sweeping tariffs have sent shockwaves through markets and led to a sharp downgrade in the International Monetary Fund’s global growth forecasts.

The Bank of Japan projected inflation would stay roughly on course to hit its 2 per cent target in coming years.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Inflation Fiscal Tariffs Economic Cent Rate Growth Interest Target Forecasts Report

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 13:59:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28308366

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