BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation

BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices. While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations,...