Bank of Japan Follows Fed and ECB With Rate Hike to 1.25%

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The Bank of Japan (BOJ) raised its interest rate to 1.25% on Friday, the highest level since 1995, as energy costs from the war in Iran pressure economies. The board split 7-2 on the decision, with members Toichiro Asada and Ayano Sato dissenting. Markets had priced in the move almost entirely before the meeting ended. The post Bank of Japan Follows Fed and ECB With Rate Hike to 1.25% appeared fir...