Switzerland’s National Bank on Thursday raised interest rates for the second time in as many meetings, catching up with other central banks as the country faces the highest inflation rate Read more
Tag: Central Banking
Swiss National Bank raises interest rates by 75 basis points
Switzerland’s National Bank on Thursday raised interest rates for the second time in as many meetings, catching up with other central banks as the country faces the highest inflation rate Read more
Bank of Japan maintains ultralow interest rates
TOKYO — The Bank of Japan on Thursday kept its ultralow interest rates in place, staying away from a global wave of monetary tightening despite growing inflation. The decision confirms Read more
Weekend reads: The jobs market isn’t cracking — gloom turns to boom in the economy
So much for all that recession talk. At least for a day. Friday’s stronger-than-expected jobs report immediately sparked more talk that the Federal Reserve will raise interest rates by 0.75 Read more
Top Fed officials say U.S. interest rates to keep rising until high inflation eases
Two top officials at the Federal Reserve on Tuesday said the U.S. central bank needs to raise interest rates a lot higher and probably keep them high for awhile to Read more
Bank of Japan needs to continue with monetary easing ‘steadfastly,’ official says
TOKYO — Bank of Japan Deputy Gov. Masayoshi Amamiya on Thursday renewed his promise to continue easy monetary policy, saying Japan’s economic recovery isn’t firm enough yet. “It is necessary Read more
Japan’s CPI rises above BOJ’s 2% target for 3 straight months
TOKYO — Japan’s overall consumer inflation rose 2.4% from a year earlier in June, exceeding the Bank of Japan’s 2% target for three straight months, government data showed Friday. Core Read more
Bank of Japan keeps rates pat, sees inflation hitting 2.3% this fiscal year
TOKYO — The Bank of Japan said Thursday that inflation would likely rise above the bank’s 2% target this fiscal year, but it kept ultra-low interest rates unchanged to support Read more
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive U.S. inflation lower and make Read more
Consumer spending slows sharply as inflation hits home
The numbers: Americans increased spending in May by just 0.2% — the smallest increase in 2022 — as high inflation made them more cautious about what they buy and how much. Read more