BOJ keeps yield control policy unchanged, dollar surges ...Middle East

Devdiscourse - Opinion
BOJ keeps yield control policy unchanged, dollar surges
source : Devdiscourse ( Middle East ) () 35
The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. At a two-day policy meeting, the BOJ kept intact its yield curve control (YCC) targets, set at -0.1% for short-term interest rates and around 0% for the 10-year yield, by a unanimous vote.

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