Britain's FTSE 100 was little changed on Wednesday as hotter-than-expected inflation reinforced bets on the Bank of England (BoE) increasing interest rates, overshadowing gains in oil majors that tracked firmer crude prices.
Underlying inflation is quite close to BOJ's 2% target Expect underlying inflation to converge to levels consistent with BOJ's target Medium, long-term inflation expectations continue to heighten Financial conditions remain accommodative Real interest rates remain low Delay in adjusting policy could see inflation risks materialise, hurt the economy Upside risks to prices are high The remarks from BOJ deputy governor, Ryozo Himino, above are not anything that we haven't heard of from the central bank. It mainly juts reinforces the narrative that Japan is getting closer to achieving its long-sought inflation target and that the central bank now has to be careful about letting things run too hot. The most striking part of his comments is arguably the warning about delaying policy adjustments. But even then, there's no explicit hint that they are going to push for another rate hike sooner ra
Trump’s foreign policy is predicated on a miscalculation: that other countries will capitulate to his demands. On “The Ezra Klein Show,” Chrystia Freeland, a former deputy prime minister of Canada, explains how Trump’s approach has backfired in his negotiations with Canada and China.