Country follows ECB in increasing borrowing costs, but US Fed and Bank of England expected to hold rates
The Bank of Japan (BoJ) has raised interest rates to a 31-year high, as it tried to dampen inflationary pressures created by the Iran war.
Policymakers in Tokyo raised the BoJ’s short-term policy rate by a quarter of one percentage point, to 1% from 0.75%, and warned that companies were passing on rising oil costs to each other at a “relatively fast pace”.
Continue reading...Originally reported by The Guardian. Read the full story at the original source.
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Iran says any continued Israeli occupation in Lebanon would be a breach of the Memorandum of Understanding with the US.