The Bank of Japan is expected to raise its benchmark interest rate by 25 basis points to 0.5%, its highest level since 2008, as indicated by a survey of economists who cited a change in tone from BOJ leadership. Governor Kazuo Ueda and Deputy Governor Ryozo Himino have hinted at a rate hike based on positive economic indicators and a reduced risk from Donald Trump’s presidency, with economists also noting the yen’s weakness as a factor supporting a rate increase. The Japanese currency has strengthened in anticipation of the upcoming meeting, with an 88% probability of a rate hike according to LSEG data.
Full Article
Gang who boasted police had ‘nothing’ on them face jail for £700,000 ram-raid spree
A criminal gang in the UK, which stole nearly £700,000 from cash machines using specialist tools and stolen vehicles, was arrested shortly after boasting about evading police capture. The five members, including Noel Reilly and Simon Pagett, were found guilty of conspiracy to burgle and will be sentenced later, following thorough police investigations that gathered substantial evidence against them. Want More Context? 🔎
Read more