Bank of Japan shocked financial markets by finally raising interest rates
For the past 20 years, Japan has kept interest rates at zero in its battle against deflation. However, this week Tuesday, in a shocking move, it has finally deviated from its stance. The Bank of Japan (BOJ) hiked interest...
US Fed raise interest rates (again)
The Federal Reserve (the Fed) hiked interest rates by 50 basis points on 14 December, bringing its key rate to the 4.25%-4.5% range. Investors were indeed expecting a smaller hike after recent CPI data showed signs that past hikes have been working.
Does this mean...
China eases Covid restrictions
The double whammy of supply shortages and the country’s strict Covid rules in the past few months have challenged the narrative that China is the world’s factory. In November 2022, exports took a hit, contracting 8.7% compared to the same time last year - over double...