BOJ Keeps Policy Unchanged, Raises Inflation Outlooks
Tokyo, July 31 (Jiji Press)--The Bank of Japan decided to keep its monetary policy unchanged Thursday while raising its inflation outlooks.
Members of the BOJ's Policy Board at its two-day meeting from Wednesday unanimously voted to maintain the policy of guiding the unsecured overnight call rate, Japan's benchmark short-term interbank lending rate, to around 0.5 pct.
In its new quarterly Outlook for Economic Activity and Prices report, adopted at the meeting, the Japanese central bank raised its projection for the country's core consumer price index growth for fiscal 2025 to 2.7 pct from 2.2 pct shown in the previous report released in early May.
The CPI growth projection for fiscal 2026 was raised to 1.8 pct from 1.7 pct.
The BOJ raised its forecast for the country's real gross domestic product growth for fiscal 2025 to 0.6 pct from 0.5 pct while leaving that for fiscal 2026 at 0.7 pct.
(2025/07/31-12:14)
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