Bank of Japan Hikes Policy Rate to Highest Level in 17 Years

Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle. Listen to the day’s top stories.

The Bank of Japan raised its key interest rate to 0.5%, the highest level since 2008, as Governor Kazuo Ueda continues his mission to normalize monetary policy. Bloomberg Economics is forecasting two more hikes in April and July. The yen climbed as traders saw an upward revision of inflation expectations to be a hawkish tilt. Follow our live blog of Ueda’s press conference here.