Topic: #central-banks
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RBA signals further rate hikes as inflation fight outweighs property strain
Australia's central bank held rates steady at 4.35% in August but signaled readiness to raise further, prioritizing inflation control even as unemployment rises and global peers ease monetary policy.
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Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.