BOJ Hikes Rates to 31-Year High, Signals Inflation Vigilance

The Bank of Japan increased interest rates by 25 basis points to 1.25% on Friday, marking the highest level in 31 years, with the board voting 7-2. This decision aims to prevent inflation from exceeding its 2% target, following a period of ultra-loose monetary policy. Governor Kazuo Ueda is expected to elaborate on the decision later today. This global tightening trend could influence investor sentiment towards safe-haven assets like gold and potentially impact the USD/PKR exchange rate.

بحوالہ / Source: www.brecorder.com