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RIP NIRP. BoJ Ditches the World’s Last Negative Policy Rate
Source: Buzz FX / 19 Mar 2024 04:53:12 America/New_York
Markets
RIP NIRP. The Bank of Japan ditched the world’s last negative policy rate this morning, raising it from -0.1% to a target range between 0% and 0.1%. The first hike since 2007 ended an 8-year experiment of sub-zero rates.
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