The Bank of Japan (BoJ) made a historic decision to end its yield curve control (YCC) policy framework, discontinuing the targeting of the 10-year bond yield. This marks the central bank's first
Hawkish rise 10 days before local elections is seen as a signal of independence from politicsTurkey’s central bank unexpectedly raised interest rates to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten further if it looks like inflation is significantly and persistently worsening.The hawkish move came 10 days before local elections and was seen by analysts as a signal that the central bank was independent from any political constraints and determined to tackle...
Iceland's central bank keeps policy rate unchanged at 9.25%Iceland's central bank on Wednesday held its key policy interest rate unchanged at 9.25%. Inflation eased slightly in February, to 6.6%. Underlying inflation has also eased but, like
Japan's central bank has raised its benchmark interest rate for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy
Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey's central bank might have to return to tightening.
PRAGUE (AP) — The Czech Republic’s central bank on Wednesday cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy. The cut by a half-pe
The base rate has remained at its current level of 5.25% since August 2023. It is not forecast to fall until June this year. We ask experts what the latest pause means for your mortgages and savings
Major central bank are set to dominate the headlines this week as they prepare to make decisions on interest rates that will determine borrowing costs around the world.
The BOJ announced on Tuesday that it would raise its short-term interest rates to approximately 0% to 0.1% from -0.1%, marking the first rate hike since 2007. read more
Bank’s survey finds expectation of 4.5% base rate by end of 2024 amid ‘encouraging signs’ on inflationBank of England policymakers signalled at least three interest rates cuts this year after seeing “encouraging signs” of falling inflation as they kept interest rates on hold at 5.25% for a fifth time.The financial markets expect three cuts of 0.25 percentage points this year, forecasting the first to take place in June. The Bank said its survey of financial companies found that they expected...
The Bank of Japan (BOJ) has delivered a seismic announcement, slamming the brakes on its negative interest rate policy—a bold departure from its long-standing stimulus measures.