BOJ raises policy rate to 1.25%, stoking concerns about higher repayment burdens for variable-rate mortgage borrowers

The story

The BOJ announced at its Monetary Policy Meeting on the 18th that it would raise the policy rate to around 1.25%. This was the first rate hike in three months since June and the shortest interval between rate hikes since the shift away from large-scale monetary easing in March 2024.

The rate hike has fueled market concerns that repayment burdens on variable-rate mortgages will increase.

At a glance

Policy rateDecision to raise it to around 1.25%

DateRate hike for the first time in three months since June this year

ImpactGrowing concerns about higher repayment burdens for variable-rate mortgage borrowers

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