Japan raises interest rates to 31-year high to curb impact of rising prices
World
Increase from 1% to 1.25% follows US Federal Reserve and European Central Bank tightening monetary policyBusiness live – latest updatesJapan’s central bank has increased interest rates to a fresh 31-year high as it attempts to combat 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. Continue reading…
To read the full story from the source: The Guardian – World
