Category: Global

  • Japan’s Economy Surpasses Growth Expectations

    Japan’s Economy Surpasses Growth Expectations

    Japan’s economy experienced stronger growth in the first quarter of the year than previously estimated, according to government data released on Thursday. The annualized growth rate reached 2.7%, surpassing the earlier projection of 1.6% made last month. The Japanese yen saw a modest 0.14% strengthening against the U.S. dollar following the announcement, while the Nikkei…

  • ECB Raises Interest Rates to Tackle High Inflation Pressures

    ECB Raises Interest Rates to Tackle High Inflation Pressures

    The European Central Bank (ECB) has announced a 25 basis point increase in three key interest rates to tackle high inflation pressures. Despite headline inflation declining over recent months, underlying price pressures remain strong, prompting the decision to raise interest rates. The ECB’s Governing Council has pledged to continue using a data-dependent approach to determine…