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Central banks raise rates again as Fed drives global inflation fight

Channel News Asia LogoChannel News Asia1w ago

Central banks raise rates again as Fed drives global inflation fight - Channel News Asia

Quick Summary:

Market participants have also pushed up their rate expectations for the European Central Bank, which is all but certain to hike again on Oct 23.

We won't be raising interest rates for some time", Bank of Japan Governor Haruhiko Kuroda said after the policy decision.

Japan opted to hold its rates near zero to support the country's fragile economic recovery, but many analysts believe its position to be increasingly untenable given the global shift to higher borrowing costs.


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Central banks raise rates again as Fed drives global inflation fight - Channel News Asia (Picture 1)Central banks raise rates again as Fed drives global inflation fight - Channel News Asia (Picture 2)

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Article Details

Category: Economy

Topics: Cent Interest Central Rates World Bank Inflation Economy Rate Thursday Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 20:28:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 683 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 471446

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 53m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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