The Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%. ➡️ The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%. ➡️ The yen weakened 0.16% against the dollar after the rate decision, trading at 155.06. The BOJ said in its statement that the decision to hold was a split 8-1 decision, with board member Naoki Tamura advocating for a 25-basis-points hike. Read the full story here: https://cnb.cx/41ImbRY
