Japan's Central Bank Expected to Raise Interest Rates Amid Economic Developments

According to ChainCatcher, the market anticipates that the Bank of Japan will increase the overnight borrowing rate by 25 basis points to 0. 75% during the policy meeting concluding this Friday, marking the first rate hike since January this year. This adjustment will elevate the benchmark rate to its highest level since 1995. Under the leadership of Governor Kazuo Ueda, the policy committee is expected to unanimously approve the rate hike decision source: https://www.binance.com/en/square/post/33858168367842?utm_source=BinanceNewsRSS