Bank of Japan Raises Key Rate to 1.25% - Highest Since 1995

The Bank of Japan raised its key interest rate to 1.25% on the 18th, marking the highest level since 1995. BeInCrypto reported that the Bank increased rates amid rising energy costs due to the Iran conflict, pressuring the economy. The decision passed 7-2, with Asada Doichiro and Sato Ayano dissenting. BeInCrypto noted that markets had largely priced in this increase before the meeting concluded.