
Reported
Japan Raises Interest Rate to 31-Year High Amid Inflation Concerns
The move follows a global trend of central banks tightening policy as high energy prices push up inflation, BBC Business reported.
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The move follows a global trend of central banks tightening policy as high energy prices push up inflation, BBC Business reported.

A new report highlights renewed inflationary pressure worldwide, driven by rising energy costs and prompting central banks to consider further interest rate increases.
Policymakers in the US, Japan and UK face rate decisions this week amid the Iran war and turbulent bond markets, according to The Guardian.

With inflation pressured by rising energy prices, policymakers this month are weighing whether interest rates need to rise again, BBC Business reports.