Japan raises interest rate to new 31-year high to curb rising prices
Europe
Business
High confidence — 85/100
- Central banks around the world have hiked rates as high energy prices are pushing up inflation.
- Japan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat high global inflation linked to the war in Iran.
- The Bank of Japan voted to raise its target interest rate from 1% to 1.25%, the highest level since 1995.
Unverified
- Central banks around the world have hiked rates as high energy prices are pushing up inflation.
- Japan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat high global inflation linked to the war in Iran.
- The Bank of Japan voted to raise its target interest rate from 1% to 1.25%, the highest level since 1995.