IMF Urges BOJ To Hike Interest Rates At ‘Gradual’ Pace
The International Monetary Fund (IMF) welcomes Bank of Japan’s decision to raise interest rates in July, but further hikes should proceed at a gradual pace, a senior IMF official said on Thursday. IMF’s Asia and Pacific Department Director Krishna Srinivasan, also told a press briefing that the global lender now expects BOJ’s policy rate to […]