Japan's central bank holds fire, cuts inflation forecast
Updated : October 31, 2018 09:37 AM IST
The BOJ issued a slightly stronger warning on financial vulnerabilities than it did three months ago, reflecting growing concerns that years of ultra-low rates were hurting bank profits and could discourage them from increasing lending.
As widely expected, the BOJ maintained a pledge to guide short-term interest rates at minus 0.1 percent and long-term rates around zero percent by a 7-2 vote.
In the quarterly report, the central bank cut its core consumer inflation forecast for the current fiscal year ending in March 2019 to 0.9 percent from 1.1 percent three months ago.
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