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International Business Times
International Business Times
Business
Katie Forster

Bank Of Japan Raises Key Interest Rate For Second Time In 17 Years

The Bank of Japan has hiked interest rates for the second time in 17 years (Credit: AFP)

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.

The central bank said in a statement it had set an interest rate of 0.25 percent -- up from around zero to 0.1 percent -- having ditched its maverick negative rate policy aimed at boosting economic growth in March.

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