Japan’s rate hike risks unwinding carry trade - What it means for Azerbaijan?
The global economy has entered a new and potentially more complicated phase in monetary policy. The U.S. Federal Reserve raised its federal funds target range by 25 basis points to 3.75%-4.00%, and the Bank of Japan followed with another rate increase, lifting its benchmark rate from 1.00% to 1.25%. The BOJ's latest move takes its policy rate to the highest level in more than three decades.