Japan raises interest rate to highest since 1995

BBC Business Tuesday 16 June 2026, 03:21 UTC 1 min read

Key Points

The Bank of Japan has been raising rates from near-zero since 2024.

Japan (LOCATION) The Bank of Japan (ORG)

Originally published by BBC Business Read original →

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Bloomberg Markets 17m ago

Australia central bank keeps rates steady at 4.35% as inflation remains elevated

The Reserve Bank of Australia held rates at 4.35% Tuesday, while stating that it was ready to raise rates to manage price stability and full employment. The unanimous move was in line with economists polled by Reuters, and comes even as Canberra fights to tamp down inflation in the country. In its statement, the RBA said that inflation was "still too high," warranting to keep the cash rate unchanged while it evaluates "the response to previous interest rate rises and the impact of the oil...

CNBC 22m ago

Japan Raises Rates to 31-Year High to Ward Off War Inflation

Prime Minister Sanae Takaichi of Japan in Tokyo last month. Her government spending agenda faces pressure from rising interest rates.

NYT Business 28m ago

Japan raises interest rate to highest since 1995

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