Central Banks

The grey stone, green-roofed Bank of Japan head office in Tokyo, with Corinthian columns and a Japanese flag, seen above trees, with modern office towers rising behind it.

Japan's Central Bank Says Underlying Inflation Is at Its 2 Per Cent Goal. Its 1.25 Per Cent Rate Is Still 1.35 Points Below Its Forecast.

The Bank of Japan held its policy rate at 1.25 per cent on Friday 30 October by an 8-1 vote and said underlying inflation is now "generally consistent" with its 2 per cent target, a first since the target was set in 2013. One board member wanted 1.5 per cent. The bank will also sell its ETF holdings more than twice as fast from January.

By Daniel Okafor 3 hours ago

The twin glass towers of the European Central Bank rise beside the River Main in Frankfurt, with the city's skyline in the distance under a clear blue sky.

Markets

Lagarde Will Leave the ECB on 7 February, Almost Nine Months Early. Three of the Six Seats on Its Executive Board Will Change Hands by the End of May.

Christine Lagarde will step down as president of the European Central Bank after its February policy meeting and leave on 7 February 2027, she said on Thursday 29 October. Her eight-year term would have ended in October 2027. No successor has been chosen.

By Margaret Holloway 19 hours ago

Tagged stories

Japan's Central Bank Says Underlying Inflation Is at Its 2 Per Cent Goal. Its 1.25 Per Cent Rate Is Still 1.35 Points Below Its Forecast.

Lagarde Will Leave the ECB on 7 February, Almost Nine Months Early. Three of the Six Seats on Its Executive Board Will Change Hands by the End of May.