BOJ keeps ultra-low rates, remains global outlier despite weak yen ...Middle East

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BOJ keeps ultra-low rates, remains global outlier despite weak yen
source : Devdiscourse ( Middle East ) () 24
The Bank of Japan kept ultra-low interest rates on Thursday and vowed to hold them there, as it swam against a global tide of monetary tightening by central banks that have chosen to fight soaring inflation over support for their fragile economies. The decision came after the U.S. Federal Reserve delivered its third straight rate increase of 75 basis points on Wednesday and signalled more hikes, underscoring its resolve not to let up in its battle against inflation.

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