Bank of Japan raises interest rate to 1%, highest in 30 years
22d ago· 1 min readenNews
Summary
The Bank of Japan raised its benchmark interest rate to 1%, the highest level since 1995, driven by persistent inflation and the weakening yen, which made further delay untenable.
Source
bskyBank of Japan raises interest rate to 1%, highest in 30 yearsebx.shKey quotes
· 1 pulledInflation and the weak yen forced its hand and made it difficult to wait and see any longer.
Inflation and the weak yen forced its hand and made it difficult to wait and see any longer.
You might also wanna read
JGB yields hit 30-year highs on inflation, fiscal concerns
Business Recorder·10h ago
Japanese wages continue to rise, boosting BoJ normalisation policy
ft.com·1d ago
10-Year JGB Yield Hits Fresh 29-Yr High of 2.865 Pct
Adnkronos·15h ago
New Zealand's central bank raises cash rate to 2.5%, as expected
Business Recorder·9h ago
Takaichi 'Fiscal Expansion' Shock Sends 10-Year Yield to Fresh High
Seoul Economic Daily·2d ago
Japanese Yen Hits 40-Year Low as Market Bets on Fed Rate Hike
The Daily Upside·8d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.