Bank of Japan keeps rates steady as expected, warns Iran war may push up inflation
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
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The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.
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Investors in Asia will look toward the Bank of Japan decision, which is expected to hold rates at 0.75%.
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Iran's Revolutionary Guard had threatened to attack energy facilities in Qatar, Saudi Arabia and the United Arab Emirates.
Also in today’s newsletter: Iran inflicts ‘extensive’ damage on Qatar LNG facility, and Fed chief says oil crisis will worsen US inflation
While no one expected the Fed to cut — much less hike — at this meeting, the market always looks for clues about what's next.
Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth
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