Yen slumps after BOJ hikes rates as expected

The yen declined against major currencies after the Bank of Japan raised interest rates. Japan's core inflation remained steady near the central bank's target. The British pound held at a two-and-a-half-month low after the Bank of England's decision. The Aussie dollar advanced as inflation risks materialized for policymakers. Bitcoin and ether saw modest gains in cryptocurrency trading.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.