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BOJ keeps interest rates steady, sticks to upbeat economic view

Published 09/19/2024, 10:59 PM
Updated 09/19/2024, 11:00 PM
© Reuters. FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery.

In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.

© Reuters. FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo

BOJ Governor Kazuo Ueda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the decision.

The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25% in July on the view that the likelihood of inflation sustainably hitting its 2% target was heightening.

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