Tokyo, June 16, 2026 (AFP) - Bank of Japan hikes interest rate to 31-year high

NAMPA / AFP

2026-06-16

The Bank of Japan hiked interest rates to a 31-year high Tuesday as it battles inflation caused by the Middle East war, even after Washington and Tehran agreed a peace deal. The central bank for the world's fourth-largest economy raised its benchmark rate 25 basis points to 1.0 percent, the highest since 1995 and marking the first increase since December. The widely expected decision followed rate increases by the European Central Bank and Bank I......

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