Bank of Japan hikes rates to 31-year high to battle inflation
Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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5 STORIESReporting and perspectives on interest rates.
European markets recover ahead of expected Fed rate hike
European markets recovered modestly as oil prices and bond yields eased, while investors awaited the US Federal Reserve's decision on whether to raise borrowing costs for the first time in three years.
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Fed raises rates for the first time since 2023 in unanimous vote defying Trump
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
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A European Central Bank rate hike is all but certain, the reasoning less so
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.
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Can the ECB rate hike stop an inflation shock driven by energy costs?
The ECB is raising borrowing costs to stop expensive energy from fuelling lasting inflation. Economists disagree on how far rates must rise and how much growth could suffer.
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