Tag «elevated raw material»

BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast

Interest Rates

The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said …