The Bank of Japan raises interest rates for the first time in 17 years, officially ending the 8-year era of negative interest rates

ChainCatcher news, according to Jin10 data reports, the Bank of Japan has raised the benchmark interest rate from -0.1% to 0-0.1%, in line with market expectations, marking the first rate hike since 2007 and officially ending the eight-year era of negative interest rates.

Previously, Nikkei reported: The Bank of Japan will experience its first rate hike in seventeen years and end the YCC policy.