ECB Holds Steady: Interest Rates Remain at Record High
The European Central Bank has kept key interest rates steady at record highs, maintaining the main refinancing operations at 4.50%, marginal lending at 4.75%, and deposit at 4.00%.
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Bank of Japan Ends 17-Year Negative Rate Policy with First Interest Rate Hike
The Bank of Japan has ended its 17-year negative interest rate policy and implemented its first rate hike, signaling a shift away from prolonged monetary easing to achieve stable inflation.
China Lowers Over-Five-Year Loan Prime Rate to 3.95%
China’s over-five-year loan prime rate drops to 3.95%, signaling potential shifts in the housing and lending markets.
Australia Maintains 4.35% Interest Rate Amid Ongoing Inflation
The Reserve Bank of Australia holds interest rates at 4.35%, maintaining a 12-year high as inflation remains a key concern.
US Federal Reserve Keeps Interest Rates High, Sparking Recession Concerns
The US Federal Reserve maintains high interest rates, sparking concerns of a recession. Experts weigh in on potential economic impacts.