Bank of Japan Raises Key Rate to 1.25%, Crypto Market Reacts Positively

The post Bank of Japan Raises Key Rate to 1.25%, Crypto Market Reacts Positively appeared first on Coinpedia Fintech News The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 1.25%, the highest level in 31 years.

The hike was widely expected, and markets reacted calmly after two policymakers opposed the move, raising hopes that the BOJ may take a slower approach to future hikes.  Despite the hike, Bitcoin calmly …