business

Asian shares track Wall Street higher, oil prices retreat

1 Comment
By ELAINE KURTENBACH

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2024 GPlusMedia Inc.


1 Comment
Login to comment

South Korea's central bank raised its benchmark interest rate by 25 percentage points to 1.50%. That was its fourth increase since August 2021.

South Korea is the biggest news here. Picturing the previously believed glacier-moving Bank of Korea delivering a surprise rate hike without having a governor in place! Raising its base rate by 25 bps to 1.50% (highest level since August 2019) seeking to curb surging inflation that is now double the bank's 2% target, and is acknowledged to stay for "some time to come." And previewing that their GDP growth projection already won't meet expectations.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites