Charting the global economy: Bank of Japan raises interest rates

Quick Summary:

The rate hike reflects the central bank's confidence in the economic recovery, driven by a faster-than-expected rise in consumer prices.

The Bank of Japan raised its key policy rate to 0.5%, the highest since 2008, signaling stronger inflation.

Other global economies showed mixed trends in inflation and economic activities.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaBrazilJapanSouth KoreaMalaysiaMexicoNorwayParaguaySingaporeTurkeyUkraineUzbekistan

Topics: Inflation projections Bank of Japan rate hike Consumer prices in Japan US housing market Global economic outlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-26 @ 10:24:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1264 words

Reading Time: 8 minutes read

Sentences: 38 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 25442265

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 8 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #84

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