BOJ will raise rates if trend inflation accelerates, Governor Ueda says

09/24/2024

Less than a minute

2024.09.24 01:46

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda attends a press conference after the Bank's policy meeting, in Tokyo, Japan September 20, 2024. REUTERS/Kim Kyung-Hoon/File photo

OSAKA (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will raise interest rates if trend inflation accelerates as projected, but will not do so with any pre-set schedule in mind.

Speaking to business leaders in the western city of Osaka, Ueda also repeated the BOJ can “afford to spend time” to scrutinise the market and overseas economic developments, in setting monetary policy.

09/24/2024

Less than a minute

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