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Bank of Japan raises rates to 31-year high of 1.25% as inflation rises
Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.
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Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Rates are held for the sixth time in a row but the Bank of England says high energy prices make a future rise more likely.