Japan’s central bank maintained its benchmark interest rate at 0.75%, a decision met with internal dissent from three board members who pushed for a hike. Concerns over escalating inflation, fueled by rising oil prices and global disruptions, are growing. Despite a projected economic slowdown, policymakers are carefully balancing growth support against persistent price pressures, hinting at potential future tightening.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets