Bank of Japan Maintains its Ultra-Low Interest Rates and promises to Stick to its Dovish Monetary Policy
|

Bank of Japan Maintains its Ultra-Low Interest Rates and promises to Stick to its Dovish Monetary Policy

ByMike Joel

The Bank of Japan has maintained its ultra-low interest rates in its latest review following a monetary policy meeting held on Thursday, September 22, 2022. The move is a long-held tradition of the Japanese government and was meant to reassure markets of the bank’s continued resilience against a global tide of central banks that are…

The SWIFT Banking System

The SWIFT Banking System

ByMike Joel

On June 14, the European Union cut off Russia’s largest bank(Sberbank), Credit Bank of Moscow, and Russian Agricultural Bank from the SWIFT banking system as part of the sixth set of sanctions against Russia over its aggression against Ukraine. This move by the EU is an attempt to isolate Russia further financially and put pressure…