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BoJ to keep rates unchanged in July meeting, Nikkei reports, citing sources; majority of members expected to vote for keeping the rate steady

StockNow breaking-news AI analysis

The BoJ is poised to hold rates at 1.00% in July to monitor June's hike impact, while maintaining a tightening bias driven by AI demand and weak Yen risks.

News detail

The majority of members currently favour a steady approach, citing a desire to monitor the impact of June's hike amid geopolitical tensions and inflation risks; Many suggest that there is no rush to raise rates.  A few members have called for raising the rate in July following the previous rate hike in June.

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