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An End Of An Era

23 Mar 20245 분
An End Of An Era

In a big move this week, the Bank of Japan delivered its first rate hike since 2007, scrapping the world’s last negative interest rate as well as a whole bunch of other unconventional tools designed to encourage spending over saving. Central bank members voted 7-2 in favor of raising the overnight interest rate from minus 0.1% to a range of 0%-0.1% (not a massive increase in the grand scheme of things).

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