After aggressive rate hikes in 2022 and early 2023 to combat surging inflation fueled by energy and food costs, central banks are increasingly turning their attention to rate cuts to support growth Several central banks the world over have announced interest rate decisions in the past two weeks. Bank of England holds steady amid rising UK inflation The Bank of …
By Brigid Riley TOKYO, - Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan after hotter-than-expected inflation data. Meanwhile, banks and insurance stocks were boosted by prospects of the rate hike, sending Dai-ichi Life Holdings soaring 3.5% and Chiba Bank rallying 4.2% to land among …
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