The Bank of Japan (BoJ) announced on Tuesday (6/17) that it would keep its short-term interest rate target unchanged at 0.4%-0.5% after concluding a two-day monetary policy review meeting.
The decision had been widely expected.
The Japanese central bank extended the pause in its interest rate hike cycle to a third straight meeting, after raising rates by 25 basis points (bps) in January.(alg)
Source: FXstreet
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