Bank of Japan Governor Haruhiko Kuroda renewed the bank’s commitment of ultra-loose monetary policy last week, noting that the economy is still going through a recovery from the pandemic and that rising commodity prices can lead to pressure on the…
The annual consumer price climbed to 8.1% in the Eurozone in May. In order to curb the exacerbating inflation, the ECB Governing Council announced plans to raise its key interest rates by 25 basis points at its July meeting. With…
U.S. consumer price index hit a record high of 8.6% in May since December 1981. Core inflation excluding food and energy rose at a pace of 6%, which exceeded economists’ expectations. Whilst a rise in food prices contributed to the…