BoJ Set to Raise Interest Rates by 25 Basis Points Next Week

The Bank of Japan (BoJ) is set to raise interest rates by 25 basis points at its policy meeting on September 18, according to a Reuters report. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years.

The BoJ might signal readiness to speed up rate hikes, but has no pre-set view on the terminal rate or the timing of further rate increases, according to the sources.

This decision comes after the Japanese Yen (JPY) was seen trading flat at around 154.40 against the US Dollar.