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Iraq Gold Prices Stable June 16

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Iraq Gold Prices Stable June 16

Gold gains for fourth straight session

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BoJ hikes rates to 31-year high

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BoJ hikes rates to 31-year high

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Shipping firms' caution on Hormuz transit
الاقتصادية

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Bank of Japan hikes rates to 31-year high

Bank of Japan hikes rates to 31-year high

The Bank of Japan raised its policy interest rate to 1%, the highest level since 1995, signaling the possibility of continuing its monetary normalization. The decision involved a quarter-point increase, with the majority of bank members voting in favor of the hike, despite opposition from one member. It also indicated that bond purchases will remain at around two trillion yen per month until April 2027.

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