BOJ Hikes Rates to 1.25 Percent, Bitcoin Crosses 77k Dollars

The Bank of Japan raised its benchmark rate to a 31-year high of 1.25% despite internal dissent, citing persistent inflation risks from energy costs and wage growth. This normalization move has caused Bitcoin and the yen to diverge sharply, with markets now waiting for Governor Ueda’s comments on the pace of future hikes.
According to GN auto markets/bonds: interest rates, the BOJ’s decision to lift rates to 1.25% was approved by a 7-2 vote, with two board members dissenting against the move. The central bank emphasized that business-to-business price pressures are now spilling over into consumer goods, justifying the step toward its estimated neutral rate range.
Source: lufkindailynews.comThe Bank of Japan raised its benchmark rate to a 31-year high. Bitcoin and the yen moved in opposite directions immediately after the announcement.
Source: CoinDesk






