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...
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.
The Philippine central bank said on Wednesday it is "closely" watching the U.S. Federal Reserve's actions, but its own monetary policy decisions are not dependent on what the Fed does. Bangko Sentral ng Pilipinas Governor Eli Remolona said the central bank was still "hawkish", with inflation still hovering close to the upper end of the government's 2% to 4% target range. Annual inflation could accelerate further to 3.9% in March from the previous month's 3.4% due to base effects, Remolona told...
Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc.
The Federal Reserve on Wednesday held interest rates steady as expected and signaled it still plans multiple cuts before the end of the year. Following its two-day policy meeting, the
Rates to stay at 25-year high of 5.25% to 5.5% as central bank says ‘inflation has eased over the past year but remains elevated’The Federal Reserve announced on Wednesday that it would leave US interest rates at a 25-year high as it continues to assess their impact on cooling inflation and the wider economy.After a two-day meeting, the Fed announced rates would be unchanged at 5.25% to 5.5%, where they have been since July. But the Fed signaled it still expects to cut rates three times this...
The Federal Reserve has held interest rates steady but policymakers have indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards the US central bank’s 2 per cent inflation target. The Fed’s new policy statement described inflation as remaining “elevated,” and updated […]
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
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.