The Guardian Australia – Business
·business
·3 hours ago
Bank of Japan raises interest rates to 31-year high amid inflation concerns
The Bank of Japan raised interest rates to a 31-year high of 1% on Tuesday in response to inflation pressures linked to the Iran war. Central bank governor Shinichi Uchida noted the risk of rising prices and emphasized the importance of stabilizing inflation near the 2% target. This marks the highest borrowing costs since 1995.
Summary by OZbrief · The Guardian Australia – Business
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