Japan raises interest rates to highest level in 31 years amid energy crisis
⚡ Quick Summary
Inflationary pressures derived from the energy crisis caused this Tuesday, June 16 - and for the first time since December - the Central Bank of Japan to raise its interest rates by 25 basis points to 1%, a value not seen since 1995.
Inflationary pressures derived from the energy crisis caused this Tuesday, June 16 - and for the first time since December - the Central Bank of Japan to raise its interest rates by 25 basis points to 1%, a value not seen since 1995. It thus follows in the footsteps of the European Central Bank, which also raised its rates under similar arguments. Monetary policy decisions from the central banks of the United States and England are expected this week.
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