Bank of Japan board members backed continued rate rises and estimated a neutral rate near 2%, in the June 24 summary of opinions released after the bank’s historic 1% decision.
Tag: interest rates
Posted inEconomy
Fed holds rates and removes forward guidance in Warsh’s hawkish debut
At his first FOMC meeting on June 17, Kevin Warsh held rates at 3.5–3.75% and stripped forward guidance, with nine of 18 officials now projecting at least one rate hike in 2026.
Posted inEconomy
Bank of England holds at 3.75% as two MPC members push for a hike
The Bank of England’s MPC voted 7–2 to hold rates at 3.75% on 18 June, with two dissenters backing an immediate hike to 4% as UK inflation stays at 2.8%, nearly a full point above target.
Posted inEconomy
Bank of Japan lifts rates to 1%, highest since the mid-1990s
The Bank of Japan raised its benchmark rate to 1% in a 7-1 vote on Monday, the highest since September 1995, as Iran war energy costs push Japan’s inflation above target.
Posted inEconomy
ECB raises rates to 2.25% in first hike since 2023 as Iran war drives inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.25% on June 11, citing persistent energy-driven inflation from the Middle East conflict, with headline eurozone inflation forecast to average 3% in 2026.
Posted inEconomy
Five central banks in eight days as Iran-driven inflation tests policy limits
Five major central banks — ECB, Fed, BoJ, BoE, and Bank of Canada — convene in eight days this week, with the ECB’s expected hike to 2.25% leading the sequence.
Posted inEconomy
Bank of Japan set to raise rates to 1% on June 16, highest since 1995
Governor Ueda has all but confirmed a June 16 rate rise to 1.00%, citing persistent inflation and yen-driven energy shocks, as market pricing reaches 80% odds for the hike.
Posted inEconomy
Eurozone inflation at 3% seals the case for an ECB rate hike on June 11
Eurozone inflation reached 3% in April, sealing expectations for a 25-basis-point ECB rate increase on June 11 — the first increase since the bank’s recent cutting cycle began.
Posted inEconomy
Bank of Japan holds at 0.75% but a three-way dissent signals the next hike is close
The Bank of Japan’s April 28 decision passed 6-3, with three board members calling for an immediate rise to 1.0% — the sharpest internal split in years, set against a slashed growth forecast and rising inflation tied to Iran war energy costs.
Posted inEconomy
The Fed holds fire and hands the chair to Kevin Warsh
The Federal Open Market Committee voted 8-4 on April 29 to keep rates at 3.5–3.75 percent for a third consecutive meeting, as four dissents running in both directions exposed deep internal disagreement about the direction of the next move.