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Bank of Japan Raises Interest Rate to 1.0% Amid Inflation Concerns
The Bank of Japan's Policy Board voted 7-1 to increase the policy interest rate by 0.25 percentage points to 1.0%, with concerns over inflation risks outweighi…
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Read storyThe Bank of Japan's Policy Board voted 7-1 to increase the policy interest rate by 0.25 percentage points to 1.0%, with concerns over inflation risks outweighi…
Japan's real wages increased for the sixth month in a row in June, with inflation-adjusted wages growing 1.6% year-on-year. This trend, alongside a rise in bas…
The recent joint intervention by the US and Japan has sparked discussions regarding its potential impact on the yen, with analysts suggesting it could mark a t…
JP Morgan's analysis indicates that the US Treasury has limited resources to support coordinated yen intervention with Japan. While unconventional measures cou…
The People's Bank of China (PBOC) is anticipated to announce the USD/CNY reference rate at 6.7364, reflecting ongoing market dynamics and economic consideratio…
The USD/JPY currency pair has seen a decline to 156.43, marking its lowest levels since May, following a joint intervention by the US and Japan. This intervent…
Kevin Hassett, advisor to the White House National Economic Council, expressed optimism regarding inflation trends and the Federal Reserve's approach under Cha…
Switzerland's consumer price index (CPI) rose by 0.4% in July, matching expectations but reflecting a slight decline in headline inflation. Core inflation rema…
Spain's preliminary Consumer Price Index (CPI) for July shows an increase of 3.5% year-on-year, surpassing expectations and marking the sixth consecutive month…
The Federal Reserve Board has announced an enforcement action against Iuka Bancshares, Inc. and The Iuka State Bank, citing regulatory compliance concerns.
Eurozone inflation has edged up in July, prompting speculation about future ECB rate hikes. Meanwhile, the Bank of Japan holds rates steady, with Governor Ueda…
Tokyo's Consumer Price Index (CPI) excluding fresh food increased by 1.9% year-on-year in July, surpassing the anticipated 1.7%. This marks an increase from th…
China's Politburo has committed to accelerating spending on pre-approved infrastructure projects rather than introducing new stimulus measures, following disap…
The Federal Reserve Board has announced a request for public comment on a proposal to update its regulations concerning the extension of credit to bank insider…
In July, the euro area's annual inflation rate increased to 2.9%, surpassing the previous month's 2.8% estimate. Core inflation also rose to 2.5%, prompting sp…
Australia's Producer Price Index (PPI) for the second quarter increased by 3.6%, exceeding the previous quarter's growth of 3.0%. This rise suggests underlying…
The Bank of Japan is not anticipated to make significant policy changes in its upcoming meeting, following a recent interest rate hike. Market expectations ind…
The Bank of Japan (BOJ) has decided to keep its short-term interest rate target at 1.00%, following a previous hike. While this decision was anticipated, a dis…
Bank of Japan Governor Kazuo Ueda has stated that the central bank will conduct monetary policy carefully to avoid falling behind the curve, particularly as un…
Lorie Logan, President of the Dallas Federal Reserve, has voiced her dissent regarding the recent FOMC rate decision, advocating for a quarter-point rate hike…
Japan's Vice Minister of Finance for International Affairs, Atsushi Mimura, characterized the recent joint yen intervention with the United States as a signifi…
The Bank of Japan (BOJ) kept interest rates unchanged, while mixed economic indicators emerged from China and Australia. The USD/JPY pair saw volatility as Jap…
The Federal Reserve Board has announced a request for public comment on a proposal intended to modernize the regulatory rules governing mutual banking organiza…
European equities ended the week on a positive note, with most major indices posting modest gains. The FTSE MIB led the region, while the UK's FTSE 100 was the…
Federal Reserve official Paulson expresses a strong stance on the necessity to combat inflation, citing a range of 2.4-2.8% for underlying inflation. He acknow…
Bank of England Governor Andrew Bailey noted that disinflation is occurring at a slow pace, with a gradual weakening of the labor market. The central bank held…
The US dollar is trading lower against major currencies, particularly the Japanese yen, Australian dollar, and New Zealand dollar, following the Federal Reserv…
The Bank of England is expected to hold its Bank Rate steady at 3.75%, with a possible 6-3 vote split emerging as policymakers assess economic conditions and i…
The USD/JPY currency pair has experienced a rebound above the 160 mark after Japan's unexpected market intervention and the Bank of Japan's decision to maintai…
