BOJ to hold rate at 1.25% at meeting next week

What happened: The Bank of Japan will keep its key interest rate unchanged at 1.25% at its policy meeting on Oct. 29-30, according to Nikkei. Key numbers: Key rate 1.25%; meeting dates Oct. 29-30; underlying inflation considered to have reached the 2% target. Why it matters: The underlying inflation rate is seen as having reached the 2% target, a factor the policy board weighs as Gov. Kazuo Ueda and members decide on holding rates at the current level. Coverage: 3 outlets in 24h

The Bank of Japan will keep its key interest rate unchanged at 1.25% at its policy meeting on Oct. 29-30, according to Nikkei.

The underlying inflation rate is seen as having reached the 2% target, a factor the policy board weighs as Gov. Kazuo Ueda and members decide on holding rates at the current level.