inflation

Nikkei hits record above 71,000 after BOJ rate hike

The Bank of Japan on Tuesday raised its benchmark overnight call rate by 25 basis points to 1.0%, marking the highest borrowing costs in the country since 1995 and joining a global wave of monetary tightening driven by persistent inflation…

Central banks raise rates as war-driven inflation persists

Central banks across the world delivered a flurry of monetary policy decisions on Thursday, with several raising interest rates to combat inflation fueled by elevated energy prices stemming from the conflict involving Iran, while others held firm and signaled vigilance.

BoE and SNB hold rates as US-Iran deal leaves inflation outlook uncertain

The Bank of England London Stock Exchange and the Swiss National Bank both held interest rates unchanged on Thursday, as policymakers weighed whether a fragile US-Iran ceasefire agreement would ease or prolong the inflationary pressures triggered by months of conflict…

ECB says inflation will stay elevated despite U.S.-Iran deal

The European Central Bank expects consumer prices in the euro area to remain well above target for the next two years even as a freshly signed U.S.-Iran peace deal brings hope of lower energy costs, ECB Governing Council member Martin…

Fed signals rate hike as central banks globally pivot to tightening

Even as the United States and Iran signed a memorandum of understanding on Wednesday aimed at ending months of conflict and reopening the Strait of Hormuz, central banks across developed economies are moving in the opposite direction from what peace…

ECB hikes rates for first time in 3 years as Iran war fuels inflation

The European Central Bank raised interest rates on Thursday, lifting its deposit facility rate by 25 basis points to 2.25% in what marks the institution's first hike in nearly three years as the war in Iran drives energy prices and…

Global oil stockpiles draining at record pace amid Iran war

More than two months after the United States and Israel launched coordinated strikes against Iran, the near-total closure of the Strait of Hormuz is draining the world's oil reserves at a record pace, sending American gasoline prices soaring and threatening…

Surging costs and travel bans cloud 2026 World Cup’s economic promise

With the 2026 FIFA World Cup set to kick off on June 11, a convergence of soaring energy prices, restrictive U.S. immigration policies, and softer-than-expected tourism demand is clouding the economic picture for what was meant to be the most…