U.S. Central bank – BOL News Staging

South Korea’s C. Bank joins its competitors in a half-point rate increase

July 13, 2022 by Maryam nadeem

The Bank of Korea raised its policy rate by 50 basis points to 2.25%. It is the biggest increase since the bank adopted the current policy system in 1999. The decision could help curb further weakening of the won. After the currency tumbled 9.4% against the US dollar this year. South Korea’s central bank on … Read more

Yellen meets Japan’s top investor in the midst of economic challenges

July 12, 2022 by Maryam nadeem

The meetings come as the yen is trading at 24-year lows. Yellen’s conversations will include her assessment of the U.S. The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates. Janet Yellen, the U.S. Depository Secretary met with Bank of Japan Governor Haruhiko Kuroda on Tuesday, the Treasury Department … Read more

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