Bank of Japan raises rates to highest level in 17 years

• Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play

  The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
  
  CNBC - 9h

• Japan’s biggest banks hit valuation landmark as BoJ weighs rate rise

  Largest lenders now trade at or close to their book values for first time in almost a decade
  
  Financial Times - 1d

• Bank of Japan is expected to hike rates this week, CNBC survey shows

  Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.
  
  CNBC - 2d

• Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?

  The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
  
  MarketWatch - 4d

• 30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

  Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
  
  The New York Times - Jan. 9

• UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.

  UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.
  
  MarketWatch - Jan. 9
• 

  UK 10-year borrowing costs hit highest level since 2008

  Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules
  
  Financial Times - Jan. 8

• Mortgage rates hit highest level since July, crushing application demand

  Total mortgage application volume dropped 3.7% compared with the previous week.
  
  CNBC - Jan. 8
• 

  Brazil's Amazon saw highest number of fires in 17 years: agency

  Yahoo News - Jan. 1

More from Financial Times

• Inflation and interest rates tracker: see how your country compares

  Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
  
  Financial Times - 45m

• Israel’s forces to remain in Lebanon beyond expiry of 60-day ceasefire deal

  Government says Hizbollah has not fully withdrawn so exit by Israeli military will not be complete by Sunday deadline
  
  Financial Times - 1h

• Spain shares ‘common’ vision on Telefónica with Saudi investor, minister says

  Support comes as Saudi Arabia’s STC increases its stake in telecoms champion and requests board seat
  
  Financial Times - 2h

• Hungary threatens to disrupt Russia sanctions unless Ukraine reopens gas transit

  Viktor Orbán floats new demand as EU rushes to renew restrictions on Moscow
  
  Financial Times - 2h

• Why do people stay put when climate change jeopardises their homes?

  Storm, floods and fires have shifted the balance of risk and reward for many. Yet, even in the face of spiralling insurance and falling house values, our emotional and cultural ties have a high ...
  
  Financial Times - 2h

More in World

• 

  South African president signs controversial land seizure law

  Yahoo News - 10m
• 

  MeToo Outrage Leaves Japanese Broadcaster Without a Single Advertiser

  A popular TV host admitted trying to conceal a sexual assault complaint. This time, the reaction was swift and harsh, and aimed not only at him but also his employers.
  
  The New York Times - 11m
• 

  Portuguese politician accused of stealing suitcases at airports

  Miguel Arruda charged with theft after allegedly removing baggage from carousel and taking it home, reports say. A far-right politician in Portugal has been accused of stealing suitcases at several ...
  
  The Guardian - 20m
• 

  New Manchester City trio in squad to face Chelsea, Solanke blow for Spurs: football news – live

  Premier League: 10 things to look out for this weekend Read Football Daily | Rumour Mill | And mail Simon Some other transfer talk, via X , and the Telegraph’s Luke Edwards, who was ...
  
  The Guardian - 21m
• 

  My partner wants an open relationship, but is also jealous of my friendships with women

  You both appear insecure and are cultivating jealousy in each other. You must focus on building trust for the sake of your child • Every week Annalisa Barbieri addresses a problem sent in by a ...
  
  The Guardian - 23m