The Saudi Investment Promotion Authority (IPA) and Japan's Mizuho Bank signed a memorandum of understanding (MoU), the Saudi Press Agency reported. The MoU aims to strengthen investment ties and business opportunities between the two countries.
Giving explicit advance signals, in addition to making the Bank of Japan feel boxed in, could breach Japanese law stipulating the nine-member board must debate and sign off on rate decisions at each policy meeting.
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In a widely anticipated move, the Bank of Japan on Jan. 24 raised its short-term policy rate to 0.50% from 0.25%. Read more here.
The Bank of Japan delivered a widely expected 25 basis point hike to its key lending rate on Friday, bringing the overnight call rate to the highest since 2008 and putting pressure on the dollar. The ICE Dollar Index slipped 0.
Bank of Japan goes through with planned rate increase, saying president is acting within expectations.
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts.
Investing.com – US stock index futures edged lower Friday, consolidating after the benchmark S&P 500 index notched a record closing high, as investors digested more corporate earnings and economic activity data.
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.