
Bank of Japan Raises Rate to 31-Year High of 1.25 Percent in Split Vote
Bank of Japan raises rate to 1.25 percent, a 31-year high, in a 7-2 vote. Yen weakens above 157. Governor Ueda says policy enters new phase on inflation risks.
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Bank of Japan raises rate to 1.25 percent, a 31-year high, in a 7-2 vote. Yen weakens above 157. Governor Ueda says policy enters new phase on inflation risks.

First Fed hike since 2023: the funds rate rises to 3.75%-4% on a unanimous 12-0 vote, with supply shocks dropped from the statement and the Middle East.

US PPI and CPI both surprised to the upside in August. Gasoline surged 3.9%, core CPI hit 0.3%, and Fed hike odds for September 16 jumped to 85%.

The ECB raised its three key rates by 25 basis points, taking the deposit rate to 2.50% from 16 September: a second 2026 hike, with inflation at 3.3%.

Yen surges 7 yen in a week to 152.89 per dollar as BOJ hike priced at 97 percent and cross-border borrowing hits record.

UBS Global Wealth Management reversed its Fed rate forecast, now expecting two 25 bp hikes in September and December 2026 after a blowout August jobs report.

Trump threatens to halt trade with surplus nations unless the Fed cuts rates, citing the Supreme Court ruling after August payrolls beat forecasts.

Gold surpassed US Treasuries as the world's top reserve asset in 2025. The Fed says the headline is misleading — here's why the real story is more nuanced.

Takaichi adviser Aida moves BOJ hike forecast to September, projects quarterly tightening and signals broadening hawkish consensus in Japan.

The yen slid past 160 after a record $98.7 billion intervention, while 10-year JGB yields hit 2.95%, a 30-year high, as hawkish Fed signals erased gains.

BOJ confirms September 18 hike to 1.25 percent, board split, no terminal rate set. Wholesale inflation hit 7.6 percent in August, import prices up 24.8 percent.

Barclays now expects two 25 bp Fed hikes in September and December, reversing its unchanged-rate call after Warsh's hawkish Jackson Hole speech.

Borrowing at near-zero yen rates to chase higher yields created $4 trillion in positions. When the BOJ hikes, everything unwinds at once.

BOJ Deputy Governor Himino calls for timely rate hikes on inflation risks from Middle East conflict, AI demand and weak yen. Markets price 80 percent odds for September.

Dolenc backs a September rate hike to 2.50 percent: inflation at 3.3 percent, hawkish ECB minutes, markets price hike at 100 percent.

Minutes show four regional Fed boards voted to raise the primary credit rate to 4 percent, doubling the hawkish bloc in nine days before the FOMC hold decision.

July FOMC minutes reveal deep division: three dissents for a 25bp hike, many officials warn rates must rise unless inflation falls, as Warsh proposes fewer meetings.

China's central bank added 20.2 tonnes of gold in August, its biggest monthly purchase since October 2023, as reserves hit 76.73 million ounces worth $350 billion.

The BOJ July Summary of Opinions reveals a board divided on rate hike pace, with members citing upside inflation risks from weak yen, AI demand and energy costs. September hike expectations strengthen.

The White House has sent Federal Reserve governor Lisa Cook a letter saying President Donald Trump is "considering removing" her over mortgage fraud allegations, reviving a bid the Supreme Court blocked in June.
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