India, June 17 -- The Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year amid rising uncertainties in financial markets and global trade policies.
The policy board of the Bank of Japan unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. The decision came in line with expectations.
Previously, the bank had raised the benchmark rate to the current level from 0.25 percent in January.
By an 8-1 majority vote, the board governed by Kazuo Ueda also decided to cut the amount of its monthly outright purchases of JGBs so that it will be about JPY 2 trillion in January-March 2027.
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