Bank of Japan raises rates to 31-year high of 1.25% as inflation rises Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.Share this: Bank of Canada raises interest rates for the first time in three yearsDateOctober 28, 2026In relation toAl-JazeeraAustralia raises interest rates to 15-year highDateSeptember 29, 2026In relation toAl-JazeeraJapan’s central bank raises interest rates to highest level since 1995DateJune 16, 2026In relation toAl-Jazeera