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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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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In a fiery statement that has once again stirred global economic debate, US President Donald Trump described the BRICS alliance as an “attack” on the US dollar, asserting that his administration’s firm tariff threats caused several countries to back out of the group’s expansion plans. The BRICS bloc — comprising Brazil, Russia, India, China, South […]
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