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Bank of Japan to Decide on Interest Rate Hike at Policy Meeting Starting Feb. 18

Japan’s central bank will hold a monetary policy meeting from February 18 to make a final decision on whether to raise interest rates.

Summary

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Terms & Concepts
  • Interest Rate Hike: An increase in the central bank's benchmark lending rate, used to control inflation and economic growth.
  • Monetary Policy Meeting: A scheduled gathering of a central bank's policy board to set interest rates and guide economic policy.
  • Bank of Japan (BoJ): Japan’s central bank, responsible for issuing currency and regulating monetary policy.