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Bank of Japan Extends Record Period Without Interest Rate Hike

According to Yasuyuki Ueno, the central bank has kept rates unchanged through September, marking its longest stretch without an increase.

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Terms & Concepts
  • Interest Rate: The cost of borrowing money, typically expressed as an annual percentage, set by a central bank to influence economic activity.
  • Monetary Policy: Actions taken by a central bank to manage the supply of money and interest rates in an economy.