Bank of Japan meeting —

At its 24 January 2025 meeting, the Bank of Japan held its policy rate at 0.25%.

Decision

hold — 0.25% to 0.25%

Key passages

The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent.

Rate hike from 0.25% to 0.5%, in line with expectations but confirms tightening.

if the outlook for economic activity and prices presented in the January Outlook Report will be realized, the Bank will accordingly continue to raise the policy interest rate and adjust the degree of monetary accommodation.

Conditional commitment to further hikes, reinforcing a tightening bias.

Meeting documents

Background reading

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