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.
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Winging It? How Rachel Reeves’ ‘Desperate’ Bid For Growth Could Turn Sour Over Heathrow
Rachel Reeves, concerned about the UK economy, seems to have forgotten Labour's promises to go green. Labour had pledged to make Britain the "green finance capital of the world" and reduce greenhouse emissions by 100% from 1990 levels by 2050. Despite these ambitions, the Chancellor is supporting a third runway at Heathrow to boost economic growth, despite warnings from experts and think tanks that it could hinder efforts to reach net zero goals and provide...
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