The Bank of Japan has left interest rates unchanged at 0.25%, citing concerns that rising prices could negatively impact consumer spending. The central bank is cautious about raising rates further as it could hinder demand-driven inflation. This decision comes after the US Federal Reserve lowered interest rates by 50 basis points, leading to positive performance in both Bitcoin and the stock market. Bitcoin briefly jumped to around $61,000 before pulling back to around $60,500, and the overall crypto market experienced a 2% increase in response to the Fed's decision.
- Content Editor ( cryptobriefing.com )
- 2024-09-20
Bank of Japan keeps rates unchanged after core inflation firm to 2.8%