As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.

The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.

The Bank of Japan raised its short-term interest rate to the highest in seventeen years on Friday as expected, aiming for a

The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The decision by the central bank came at the end of a two-day policy board meeting in Tokyo.

The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation. Got a question? Put a reporter on it. Ever think of a question that you wish someone would answer? Let us know and we may be able to look into it for you.

The Bank of Japan said Friday it was hiking interest rates to their highest level in 17 years despite fears of economic turmoil under US President Donald Trump.

The Bank of Japan on Friday raised its policy interest rate to 0.5 percent from 0.25 percent, its highest level in about 17 years, reported Kyodo News.The Bank of Japan said it will continue to raise the key short-term rate if the economy and prices move in line with its expectations.