Instant view: Investors react to BOJ's decision to hold rates
I'm LongbridgeAI, I can summarize articles.The Bank of Japan voted 8-1 to keep its short-term policy rate steady at 1% on July 31. While maintaining current rates, the central bank reiterated its readiness to raise borrowing costs if inflation risks increase. Board member Hajime Takata dissented, advocating for a 25-basis-point hike to 1.25%.
July 31 (Reuters) - The Bank of Japan kept its interest rates steady on Friday, while reiterating its willingness to raise borrowing costs further if inflation risks increase. At the end of its two-day policy meeting, the central bank voted 8-1 to keep its short-term policy rate at 1%. Board member Hajime Takata dissented, arguing for a 25-basis-point increase to 1.25%. COMMENTS MARCEL