Tag: international finance

Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

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The Bank of Japan (BoJ) has raised its benchmark interest rate to 1.0%, marking the highest level seen in more than three decades as policymakers work to contain growing inflationary pressures linked to the recent Middle East conflict. The 25-basis-point increase, announced on Tuesday, is the first rate hike since December and reflects the central […]

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Powell warns Fed independence is at risk amid rising political pressure from Trump-era tensions

Powell warns Fed independence is at risk amid rising political pressure from Trump-era tensions

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Outgoing US Federal Reserve Chair Jerome Powell has strongly defended the importance of central bank independence, warning that political interference could permanently damage public trust in the institution responsible for guiding America’s monetary policy. Speaking at an award ceremony hosted by the John F. Kennedy Library Foundation, Powell said the Federal Reserve is currently facing […]

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