{"id":68818,"date":"2022-07-21T11:14:27","date_gmt":"2022-07-21T07:14:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68818"},"modified":"2022-07-21T11:14:30","modified_gmt":"2022-07-21T07:14:30","slug":"bank-of-japan-keeps-interest-rates-unchanged","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-of-japan-keeps-interest-rates-unchanged\/07\/21\/market-updates\/","title":{"rendered":"Bank of Japan keeps interest rates unchanged"},"content":{"rendered":"\n<p>The Bank of Japan raised its inflation forecast but kept interest rates unchanged at -0.1% and warned of risks to the economy, cementing its position as an outsider in the global central bank&#8217;s tightening wave.<\/p>\n\n\n\n<p>The decision came hours before the European Central Bank, which will consider a larger-than-expected 50 basis point increase in the interest rate to tame hyperinflation.<\/p>\n\n\n\n<p>In the new quarterly forecast, the board raised core consumer inflation to 2.3% from 1.9% for the current fiscal year ending March 2023. It also raised inflation expectations for the following year to 1.4% from 1.1%.<\/p>\n\n\n\n<p>But the Bank of Japan lowered its growth forecast for the current fiscal year to 2.4% from 2.9% and warned of the potential hit from persistent supply constraints, rising commodity prices and the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Japan raised its inflation forecast but kept interest rates unchanged at -0.1% and warned of risks to the economy, cementing its position as an outsider in the global central bank&#8217;s tightening wave. The decision came hours before the European Central Bank, which will consider a larger-than-expected 50 basis point increase in the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":40115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[7907,7113,7580,8471,7167],"class_list":["post-68818","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates","tag-boj","tag-earnings","tag-monetary-policy","tag-quantitative-easing","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68818"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68818\/revisions"}],"predecessor-version":[{"id":68819,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68818\/revisions\/68819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40115"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}