BOJ Raises Rates by 25 Basis Points; Yen Plunges Sharply
The Bank of Japan announced a 25-basis-point rate hike today—coming just three months after its last increase—signaling that it is raising its benchmark interest rate at the fastest pace in 36 years to combat mounting inflation. Following a two-day meeting, the central bank announced it was raising its policy rate by 25 basis points to […]