Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The decision by the central bank came at the end of a two-day policy board meeting in Tokyo.
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The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.
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Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.
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Core inflation, which strips out the direct impact of volatile energy and food prices is now at a four-year low, having ...
Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting ...
The income investing landscape is in the midst of major change. Although inflation is widely expected to remain ...
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