The Bank of Japan raised interest rates to their highest level since 1995 on Friday, accelerating its tightening campaign as policymakers grow increasingly concerned that persistent price pressures could push inflation above target. Why it matters: The BOJ voted 7-2 ...
The Bank of England held interest rates steady Thursday, choosing to wait despite rising inflation and growing concern about the impact of higher energy prices on the U.K. economy. Why it matters: The Monetary Policy Committee voted 6-3 to maintain ...