
PANews April 21 news, according to informed sources, in light of the uncertainties brought by the Iran war, the Bank of Japan may keep interest rates unchanged next week. However, officials remain determined to raise borrowing costs in the near future. Since the financial environment remains loose, the bank might stick to its position that as long as conditions permit, it must continue to raise the benchmark interest rate, even if the decision on April 28 is to maintain the overnight rate at 0.75%. These sources said this would increase the likelihood of action in June, provided that economic conditions remain stable. They indicated that some officials still tend to raise rates at the upcoming meeting, as they expect geopolitical shocks will drive up prices. Another report earlier this month mentioned that the Bank of Japan is also considering a significant upward adjustment to its inflation expectations at this meeting. These officials added that they will continue to monitor the U.S.-Iran conflict until the last moment, before making a final policy decision.
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