Bank of Japan raises key interest rate to 31-year high of 1.25%
The Bank of Japan (BoJ) on Friday raised its short-term interest rate (the uncollateralized overnight call rate) to around 1.25% from around 1%, taking it to its highest level in 31 years.
September 18, 2026 (MLN): The Bank of Japan (BoJ) on Friday raised its short-term interest rate (the uncollateralized overnight call rate) to around 1.25% from around 1%, taking it to its highest level in 31 years. The decision came at the conclusion of a two-day monetary policy board meeting and was widely anticipated, having already been factored into global markets in recent weeks. The central bank said Ja...