FINANCEVELIX / Market research
Bank of Japan interest rate: policy rate and meeting dates
At its Monetary Policy Meetings, held eight times a year, the Policy Board of the Bank of Japan sets a guideline for money market operations: the level at which the Bank encourages the uncollateralized overnight call rate to remain.
Figures come from the central bank's own official pages; the date of the last check is shown under Source.
Current rate
Guideline for the uncollateralized overnight call rate
around 1.25%
In effect since Sep 24, 2026
Latest decision: Oct 30, 2026 · Left unchanged
Next scheduled meeting
Dec 17 – 18, 2026
Scheduled meetings
- Dec 17 – 18, 2026
- Jan 21 – 22, 2027
- Mar 17 – 18, 2027
- Apr 27 – 28, 2027
- Jun 10 – 11, 2027
- Jul 21 – 22, 2027
- Sep 21 – 22, 2027
- Oct 28 – 29, 2027
- Dec 16 – 17, 2027
Rate history
| Date | Rate | Change (percentage points) |
|---|---|---|
| Sep 24, 2026 | around 1.25% | +0.25 |
| Jun 17, 2026 | around 1.00% | +0.25 |
| Dec 22, 2025 | around 0.75% | +0.25 |
| Jan 27, 2025 | around 0.50% | +0.25 |
| Aug 1, 2024 | around 0.25% | — |
| Mar 21, 2024 | around 0.00% – 0.10% | — |
Dates show when each change took effect.
Source
- boj.or.jp/en/mopo/mpmdeci/mpr_2026/k261030a.pdf · Last checked: Nov 7, 2026
- boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260918a.pdf · Last checked: Nov 7, 2026
- boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260616a.pdf · Last checked: Nov 7, 2026
- boj.or.jp/en/mopo/mpmdeci/state_2026/index.htm · Last checked: Nov 7, 2026
- boj.or.jp/en/mopo/mpmsche_minu/index.htm · Last checked: Nov 7, 2026
Rates and dates come from each central bank's official pages and can change. For information only; not investment advice.
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