Bank of Japan Set to Raise Rates to 0.75%, Highest Level in 30 Years: Nikkei

The Bank of Japan (BOJ) is expected to raise its benchmark interest rate to 0. 75%, marking the highest level in three decades, according to a report by Nikkei. The decision is likely to be finalized at the BOJ’s upcoming monetary policy meeting on December 18–19, as policymakers move closer to normalizing Japan’s ultra-loose monetary stance. First Rate Hike in Nearly a YearIf implemented, the move would represent a 25 basis point increase from the current 0 source: https://www.binance.com/en/square/post/33738974136146?utm_source=BinanceNewsRSS