The Bank of Japan raised its interest rates to 0.5%, the highest level since the 2008 financial crisis, demonstrating confidence in stable inflation around the 2% target. The central bank’s decision follows rising wages and aims to gradually increase rates to around 1%, amidst stable financial markets.
RBI accepts 95% of bond buyback ahead of monetary policy review
Ahead of its bi-monthly monetary policy review, the Reserve Bank of India (RBI) accepted ₹23,855 crore worth of bids in its bond buyback, 95% of