The Central Bank of Japan decided at its meeting that ended this morning, Wednesday, the 19th of March, to keep monetary policy unchanged, as the bank members voted unanimously by maintaining interest rates at the current levels at 0.50% as expectations.
The bank’s statement of monetary policy stated that the bank expects the Japanese economy to continue its growth at a rate that exceeds its potential growth rate, while it is expected that the basic consumer price index will gradually rise and it is expected that it will soon settle from the bank’s target in the second half of this year
The bank’s governor indicated in the press conference that it is difficult to determine the volume of risks with regard to customs duties, but the bank will accurately study developments and their impact on the global economy and economic expectations in Japan.
After the bank raised the interest rates, January would not be the highest level since 2008 and the end of the motivation program, the bank confirmed its willingness to continue to raise interest rates if growth and inflation go towards expectations and expectations indicate that this raising from the Japanese Central may be in June or July.
19/03/2025
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