Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The decision by the central bank came at the end of a ...
The ECB needs a rethink of its policy approach
Experience suggests that abundant and cheap money is not a harbinger of price or financial stability, much less of sustained economic growth. The European Central Bank should bear that in mind as it ...
Stock Market Today: Asian Shares Gain After S&P 500 Climbs to a Record and Bank of Japan Raises Rate
Asian shares have advanced after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate ...
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Trump says he will ‘demand’ that interest rates come down, but it won’t be that simple
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid, driven by ...
Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
Bank of Japan Resumes Hiking Rates as Economy Strengthens
It is the highest level since October 2008 as the economy makes steady progress toward the bank’s goal of stable 2% inflation and wage-backed growth.