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19 September 2026

Japan raises interest rates to 31-year high to curb impact of rising prices

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Source reporting: The Guardian World

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Japan raises interest rates to 31-year high to curb impact of rising prices

Increase from 1% to 1. 25% follows US Federal Reserve and European Central Bank tightening monetary policy Business live – latest updates Japan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat global inflation linked to the war in Iran. The Bank of Japan (BoJ) voted to raise its target interest rate from 1% to 1. 25%, the highest level since 1995.

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