Monetary policy

Monetary policy

Japan's Central Bank Is Raising Rates, Carefully

The Bank of Japan kept its benchmark interest rate at 0.75% at its March meeting, the highest level since 1995. The decision was expected, and passed 8-1, with one board member pushing for an immediate move to 1%. The Bank's official position is that Japan's

Monetary policy

Australia's Central Bank Hikes to 4.10% in Second Consecutive Increase

The Reserve Bank of Australia raised interest rates again on March 17, lifting the cash rate by 25 basis points to 4.10%. This is the second consecutive hike, and markets are pricing in at least one more before the cycle ends. The decision was narrow. The board voted 5