Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle.
Setting rates in Japan will become a delicate balancing act if tariffs materialize.
The Bank of Japan (BoJ) has raised its key short-term interest rate by 25 basis points to 0.5%, marking the highest level since 2008.
The Bank of Japan has raised short-term interest rates by a quarter point, the highest in 17 years, signalling efforts to normalise monetary policy in response to persistent inflation and increasing wages.
Japan's central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December. The move by the Bank of Japan (BOJ) to raise its short-term policy rate to "around 0.5 per cent" comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
Audrey Tugwell Henry, CEO of Scotia Group Jamaica, has urged the Government of Jamaica to ease tax burdens on banks, arguing that such measures are crucial for lowering interest rates and making financial services more affordable for Jamaicans.
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Whether you are managing a large corporate balance sheet or your retirement portfolio, all CEOs, CFOs, investors or financial controllers benefit from understanding the impact of the macro-economic environment on their business or investment strategy.
The market may continue to consolidate further, taking cues from Union Budget, FOMC meeting, quarterly earnings, US GDP numbers for December quarter, and ECB meeting, experts said.
The Bank of Japan's decision to raise interest rates suggests the BOJ is trying to adjust policy as the economy goes through a transformation.
Japan's central bank resumes its steady climb away from free money, as policymakers become more convinced that rising prices -- and wages -- are here to stay.