Wednesday, 31 July 2024 () The Bank of Japan addressed the weakening yen by raising its key interest rate to 0.25%. The move briefly strengthened the yen and boosted Tokyo's stock market. The policy shift aims to counter rising import prices and inflation, which consistently exceeded the BOJ's 2% target. The central bank will also reduce bond purchases starting in January 2026.
Russia’s central bank raised its key interest rate Friday, despite warnings against such a move from some business elites within the country. Veuer’s Matt Hoffman reports.
Recently, Japan has been reducing its holdings of U.S. Treasuries, reflecting a significant shift in investment strategy. As of April 2024, Japan's holdings of U.S. Treasuries fell to their..
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 31 July 2024 ()
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