Charting the global economy: Bank of Japan raises interest rates
Budget with ET
Budget 2025: A CFO’s playbook for operational excellence and long-term growth
Rising Bharat may need to take center stage for India’s game-changing plans
Will Indian Railways accelerate to global standards with govt’s budgetary allocation?
The rate hike followed a report showing consumer prices excluding fresh food rising at a faster pace of 3%, well above the central bank’s inflation target. In its outlook report, the BOJ raised most of its inflation projections, with all six of them currently at 2% or more for the first time since it started publishing them.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
Asia
BOJ Governor Kazuo Ueda and his fellow board members lifted the overnight call rate by a quarter-percentage point to 0.5% at the end of a two-day meeting. A hike was almost fully priced into market expectations ahead of the announcement.
President Xi Jinping’s government has been cracking down on anything perceived as too Western or immoral at the box office in recent years. But as officials try to boost consumer spending to support a cooling economy, there are early signs those constraints are easing.
South Korea’s economy continued to sputter last quarter after President Yoon Suk Yeol’s short-lived declaration of martial law battered consumer confidence just as businesses and policymakers were already fretting about the possibility of US tariffs. For 2024 as a whole, the economy expanded 2%.
Artif
